BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank’s selling Rate
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Basic Statistical Returns
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Annual returns submitted by banks to RBI in respect to priority sector advances
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Quarterly statements of advance to agriculture
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Detailed explanation-1: -BSR stands for Basic Statistical Return. It is a seven digit code that is provided to the registered banks by the Reserve Bank of India. Also read: Difference Between Monetary Policy and Fiscal Policy. Difference Between Contractionary and Expansionary Fiscal Policy.
Detailed explanation-2: -Basic Statistical Return (BSR) Code is a seven-digit code provided to all the registered Indian banks by the RBI. While the first three digits identify the bank, the following four digits identify the bank branch.
Detailed explanation-3: -The BSR-1 return relates to bank credit. Each branch/office of a bank is required to submit this return to the Reserve bank of India as on 31st March every year. In case the 31st March is a holiday, the figures should relate to the immediate preceding working day.
Detailed explanation-4: -Basic Statistical Return (BSR) 1 (Part A and Part B) Introduction.