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Preeti Dabral 4 years, 9 months ago
Legal Reserve Ratio is the requirement of cash reserves which a commercial bank is obligated to maintain.
Explanation:
In the present case, the Reserve requirement is 0.2 and deposits are Rs.1000.
Thus mathematically, Cash Reserve = Reserve requirement x Bank deposits
Hence, the quantum of money to be maintained by the commercial bank is Rs.200 (0.2x1000).
The Legal Reserve Ratio is composed of two components such as Cash Reserve Ratio(CRR) and Statutory Liquidity Ratio(SLR). These ratios are fixed by the Reserve Bank of India(RBI).
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Preeti Dabral 4 years, 9 months ago
These are those goods which have crossed the boundary line of production and are ready for use by their final users. These goods are not resold by the firms for profit during the accounting year.
Example: Shoes used by the households or tractor used by the farmers.
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Marketing refers to activities a company undertakes to promote the buying or selling of a product, service, or good. It is one of the primary components of business management and commerce. Marketers can direct their product to other businesses or directly to consumers.
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Enzymes are used mostly in the chemical industry and other industrial applications when extremely specific catalysts are required. These enzymes are used in the production of sugars from starch, such as in making high-fructose corn syrup.
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Ritika Agrawal 4 years, 9 months ago
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