BANK INTERVIEW QUESTIONS
1. What is Bank rate?
Bank rate(discount rate) is the rate of interest which a central bank charges on the loans and advances .
1. What is Bank rate?
Bank rate(discount rate) is the rate of interest which a central bank charges on the loans and advances .
2. What is Repo rate?
Repo rateis the rate at which the central bank lends short-term money to the banks against securities.
3. What is Reverse repo rate?
Reverse repo rate is the rate at which the banks park surplus funds with reserve bank.
4. What is CRR?
It is the amount the commercial banks must keep as reserve with RBI.
5. What is SLR?
It is the amount banks are required to maintain as liquid asset in the form of gold, cash and approved
securities.
6. What is Prime Lending Rate?
Prime Lending Rate is the interest rate charged by banks to their most secure,
trustworthy customers on short term loans.
7. Present Base Rate?
9.5%
The rate of interest used by commercial banks as a basis for their lending rates.
6. What is Prime Lending Rate?
Prime Lending Rate is the interest rate charged by banks to their most secure,
trustworthy customers on short term loans.
7. Present Base Rate?
9.5%
The rate of interest used by commercial banks as a basis for their lending rates.
