Question
As a result of an increase in consumer incomes, the
demand for XYZ good has decreased. Based on this information, what can we definitely say about what type of good XYZ is?Solution
Inferior goods are goods whose demand is reduced with increasing consumer income. Inferior goods are very low-priced goods and are of much lower quality related to other goods. Income growth allows the consumer to change their choices and buy substitutes of superior quality.
Which of the following is not allowed in small accounts?
Which among the following items link the Income Statement and the Balance Sheet
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
In cases where REs are unable to meet Customer Due Diligence (CDD) requirements due to a customer’s lack of cooperation, what is the recommended actio...
What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation? Â
The CAMELS rating system, used for bank supervision, does NOT include the factor:
The 'MCLR' (Marginal Cost of Funds based Lending Rate) system replaced the earlier 'Base Rate' system. What is a key component in calculating MCLR?
G-Secs in India are issued through auctions conducted by RBI. These auctions are conducted on the Core Banking Solution (CBS) platform of RBI called
What is the maximum term loan sanction permitted for Aadhaar OTP-based e-KYC accounts?
Nostro account is maintained in:
