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Word of the day

CASH RESERVE RATIO
Meaning: The proportion of money which banks have to keep mandatorily with RBI at nil rate of interest.

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References
CS-Foundation December Exam - 2014
Computer Based Examination for CS-Foundation
Revised passing requirements for Common Proficienc...
CS FOUNDATION PROGRAMME (NEW SYLLABUS) EXAMINATIO...
New Syllabus For CS Executive And Professional Pro...
Direct admission to the Chartered Accountancy Cour...
Direct Admission to CS Executive Program
Career As Company Secretary
Pattern of examination for CMAT
How To Become a CA (Chartered Accountant)
Q. Which of the following is the core functions of the RBI?
To act as the tax collector of the GOI
Work as Banker to the Banks
Help in finalization of the Union Budget
To prepare Union budget of the country