Consider the following statements: 1. Reserve Bank of India was nationalized on 26 January, 1950

(d) ? = 859.05 + 427.89 + 663.17 = 1950.11

(a) CRR or the Cash Reserve Ratio is that ratio of the total deposits held by a bank which it has to keep with the central bank of country.

(a) Low bank rate means more liquidity in the market.

(d) Bank Rate is that rate of interest at which central bank of a country provides refinancing facilities to commercial banks. The bank rate, a benchmark rate at which RBI...

(c) Functions of RBI: sole authority to issue currency; government’s bank; banker’s bank; guardian of money market; lender of the last resort; sole reservoir of Foreign exchange reserves; controller of credit;...

(c) Federal Bank is a major Indian commercial bank in the private sector, headquartered at Kochi, Kerala.

(a) Repo Rate is the rate at which commercial banks borrow funds from RBI. A reduction in the repo rate will help banks to get money from the central bank...

The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is called Cash Reserve Ratio. Hence, the correct answer is option (c)

(b) Global Trust Bank Ltd has been amalgamated with the Oriental Bank of Commerce. The merger took place on 14th August, 2004.

(D) Thursday