Question Description
What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer?.

Solutions for What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is Bank rate?a)The rate of interest at which commercial banks give loan to their customersb)The rate of interest at which Banks invite long term deposits of the publicc)The rate at which the Central Bank of a country discounts the bills of commercial banksd)The rate at which Central Bank of a country sells its securities to the public.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.