-> UGC NET Provisional Answer Key has been released for the UGC – NET June 2024 (Rescheduled) Examination conducted on 27th, 28th, 29th & 30th August 2024 and 02nd, 03rd, 04th & 05th September 2024.
->Candidates can challenge the answer key from 11th September 2024 (from 06:00 p.m.) to 13th September 2024 (upto 11:50 p.m.).
-> The UGC-NET exam takes placefor more than 80 subjects, to determine the eligibility for'Junior Research Fellowship’ and ‘Assistant Professor’ posts.
-> The exam comprises two papers - Paper I and Paper II. Paper I consistsof 50 questions and Paper II consists of100 questions.
-> The candidates who are preparing for the exam can check the UGC NET Previous Year PapersandUGC NET Test Seriesto boost their preparations.
FAQs
Bank rate is a quantitative credit control measure under the monetary policy of the government as it controls the overall supply of the money in the economy. Hence, this statement is true.
Which of the following is the correct definition of bank rate? ›
The bank rate is the rate of interest which is charged by a central bank while lending loans to a commercial bank. In the event of a fund deficiency, a bank can borrow money from the central bank of a country.
Which of the following is not true about bank rates? ›
Bank Rate does not influence credit availability to a particular sector because it is a general policy tool used to control the overall money supply in the economy.
What is a bank rate policy and how does it work as a method of credit control? ›
Bank Rate Policy- The bank rate is the lowest rate at which a country's central bank will lend money to its commercial bank and RBI utilizes it to regulate the credit in the economy. Because the central bank provides funding to the commercial banks by rediscounting bills, it is also known as the discount rate.
What is true rate in banking? ›
Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.
What is the bank interest rate? ›
An interest rate tells you how high the cost of borrowing is, or high the rewards are for saving. So, if you're a borrower, the interest rate is the amount you are charged for borrowing money, shown as a percentage of the total amount of the loan.
What is the current bank rate? ›
The reverse repo rate stands unchanged at 3.35%.The Bank Rate and the Marginal Standing Facility (MSF) rate has changed to 6.75%.The Standing Deposit Facility Rate is 6.25%.
What is the best bank rate? ›
Summary of Best High-Yield Savings Accounts of 2024
ACCOUNT | ANNUAL PERCENTAGE YIELD | MINIMUM DEPOSIT REQUIREMENT |
---|
EverBank Performance℠ Savings | 5.05% APY | $0 |
BrioDirect High Yield Savings Account | 5.30% APY | $5,000 |
Ivy Bank High-Yield Savings Account | 5.30% APY | $2,500 |
Capital One 360 Performance Savings Account | 4.25% APY | $0 |
7 more rows
What is the bank rate also known as? ›
Bank rate, also known as discount rate in American English, and (familiarly) the base rate in British English, is the rate of interest which a central bank charges on its loans and advances to a commercial bank.
Which of the following is true for the real rate of interest? ›
The correct answer is (B) The real interest rate equals the nominal interest rate adjusted for inflation. The charges refer to an adjusted rate used to review the actual cost to the individual receiving the money and the individual or institution lending the money.
Banks set interest rates to correspond to the rates set by the Federal Reserve. They also consider the interest rates charged by competitors. On a specific loan, banks take into consideration the borrower's creditworthiness, which includes their credit score, income, savings, and other financial metrics.
Which of the following is true when interest rates fall? ›
As interest rates decline, the prices of bonds rise; and as interest rates rise, the prices of bonds decline.
How is the bank rate determined? ›
The Reserve Bank of India determines the bank rate based on inflation.
What is the bank rating method? ›
The CAMELS rating system is a useful system for rating banks that is used internationally. It's based on six factors: capital adequacy, asset quality, management, earnings, liquidity, and sensitivity.
What is bank rate How does it affect the availability of credit? ›
Bank rate is the rate at which central bank offers loans to the Commercial Banks as a lender of last resort. During inflation, when supply of credit is to be reduced, bank rate is increased.
What are bank rates based on? ›
Banks set interest rates to correspond to the rates set by the Federal Reserve. They also consider the interest rates charged by competitors. On a specific loan, banks take into consideration the borrower's creditworthiness, which includes their credit score, income, savings, and other financial metrics.
What is current bank rates? ›
Current Repo Rate in India (Aug 2024)
The Reverse Repo Rate stands unchanged at 3.35%. The Bank Rate and the Marginal Standing Facility (MSF) rate have changed to 6.75%. The Standing Deposit Facility Rate is 6.25%. To learn more about the Repo Rate, read on.
What is a bank rate policy? ›
Bank rate can be defined as the rate of interest that is charged by a central bank while lending or giving loans to a commercial bank. A bank can borrow money from the central bank of a country if it is insufficient in funds. In India's case, the central bank would be the Reserve Bank of India.