New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Reverse repos with banks and other institutions having

    original tenors up to and inclusive of 14 days shall be classified under which item on the commercial banks’ balance sheets
    A Advances Correct Answer Incorrect Answer
    B Borrowings Correct Answer Incorrect Answer
    C Money at call and short notice Correct Answer Incorrect Answer
    D Money Market Instruments Correct Answer Incorrect Answer
    E Call money Correct Answer Incorrect Answer

    Solution

    Reverse repos with banks and other institutions having original tenors up to and inclusive of 14 days shall be classified under item (ii) ‘Money at call and short notice’ under Schedule 7 ‘Balances with banks and money at call and short notice’ Reverse repos with banks and other institutions having original tenors more than 14 days shall be classified under Schedule 9 – ‘Advances’

    Practice Next

    Relevant for Exams: