At which rate, Reserve Bank of India borrows money from commercial banks?

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .

A

can never become green banks .

B

can become green banks if they reduce the number of branches and eliminate the use of paper .

C

can become green banks if they can greatly reduce or eliminate carbon footprint form their banking activities.

D

can become green banks if they support local green initiatives

For a research purpose 2500 individuals were interviewed. Among them 750 persons have bank accounts in State Owned Commercial Banks (SOCBS) and 2250 persons have bank accounts in Private Commercial Banks (PCBs). How many of them have bank accounts in both SOCBS and PCBs?

A

250

B

300

C

500

D

600

A proportion of the total deposits and reserves of the commercial banks that is to be kept with the Central Bank (RBI) on liquid form as a measure of control of RBI over the Commercial Banks is known as:

A

Bank rate

B

Statutory Liquidity Ratio (SLR)

C

Cash Reserve Ratio (CRR)

D

Mandatory deposit

What is the current statutory Liquidity Reserve requirement (SLR) rate for the commercial banks set by Bangladesh Bank?

A

19%

B

18.5%

C

19.5%

D

17.5%

Lamia owns a hairdressing salon. She borrows Tk. 2500 from a bank to improvements to her beauty salon. She is charged 4.5% per year compound interest. She pays the money back after 3 years. Calculate the total amount Lamia must pay to the bank.

A

2852.92

B

2528.29

C

2752.29

D

2679.92

Find out which underlined part of the following sentences has an error. The prime rate is the interest that a bank will "charge" when "it" "borrows" money to "its" best clients. "No Error"

A

charge

B

it

C

borrows

D

its

What is the Statutory Liquidity Reserve (SLR) for the commercial banks set by the Bangladesh Bank ?

A

19%

B

18.5%

C

19.5%

D

17.5%

What is the current Statutory Liquidity Reserve (SLR)requirement of commercial banks with Bangladesh Bank?

A

19%

B

18%

C

20%

D

22%

The rate at which commercial banks borrow money from the central bank is called ---

A

interest rate

B

call money rate

C

exchange rate

D

bank rate

The rate at which Central bank lends money to the commercial banks is called-

A

Lending Rate

B

Bank Rate

C

Call Money rate

D

Discount Rate

At which rate, Reserve Bank of India borrows money from commercial banks?

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