Quiz 48.... thanks for participation... please find the attachment.... 
Some Basic Banking terms:(RBI Assistant exam) (do read GLossary and other facts of RBI from its website)
CRR-Cash Reserve Ratio-4 %
-NET Demand/Time liability
SLR- Statutory Liquidity Ratio-23%
- bank has to maintain SLR in form of Cash, gold, Silver, Bonds, government securities etc..
RRR-reverse repo rate-6.25
RR- repo rate-7.25%
bank rate-10.25%
MSF-marginal standing facility(LIquidity adjustment facility)-10.25%
base rate-9.70 to 10.50%(Min. Rate decided by RBI ...NO bank can lend money above or below this rate)
PLR- prime lending rate - Favorable rate....- Offering to employees for bank loan, car loan, educatio loan.. etc...
Repo rate , Bank rate and MSF are only rates in which RBI gives loans to banks.....
RR- short term upto 1 year
BR- Long term- official rate of central bank
MSF- After 2006 - LAF is called MSF ....when operations are not working well in banks or when assets and liabilities become mismatched...banks use MSF (For emergency purpose, RBI use it)
RBI :
- Central body of the country
-Banker's bank
- Apex body of country
-Banker's of central and state government
-Foreign Currency in the custody of RBI
-FOrex Manager of country
-Forex reserve custody
-Banker's last resort
FUnctions: -supervising and monetary authorities
- Economic Development
- Issuing Currency Notes
- Price stability and other functions are same as some of RBI works...(as above)
Direct and Indirect Instruments:
Direct instruments:
Only 3 instruments are there...
1) CRR, 2) SLR, 3) Refinance Facility
1) CRR - If there is a increase and decrease in rate like 4.25 to 4 % then in 0.25 % ... RBI release amount of RS.18000 crore in market to BANKS...
- to easy the liquidity and to implement Basel III norms
2) SLR- Price stability, LIquidity management, and economic development
there are main 8 core sectors- Coal, Crude oil, Petroleum refinery products, Cement, Steel, Electricity, Natural Gas, Fertilizers
Indirect instruments:
1) RR and RRR - To regulate credit ratings, Liquidity absorbs(maintain), to influence liquidity in market( RR increases) and When RBI needs liquidity in market...RRR increases
2) OMO- Open Market Operations - when RBI sell government securities in market ... so money decrease in market and RBI gain MOney .. but when RBI purchase government securities in open market... then there is increase in money in market
Thank you... hope this helps.... @blacksands
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