Question
As per recent economic survey, what role did the RBI's
monetary policy play in controlling core inflation in FY24?Solution
The RBI's monetary policy played a crucial role in controlling core inflation in FY24. The central bank increased the policy repo rate by 250 basis points between May 2022 and February 2023, which helped reduce inflationary pressures by absorbing excess liquidity in the economy. As a result, core inflation, which excludes volatile food and energy prices, declined to a four-year low by the end of FY24, demonstrating the effectiveness of the monetary policy transmission in curbing inflation.
In India, ________ took upon itself the leadership role by constituting the Accounting Standards Board (ASB) in 1977.
A type of market in which securities with less than one year maturity are traded, is classified as
The government’s GST Sahay app is designed to help MSMEs with:
Mr. Arjun earns ₹12 lakh as salary and has invested ₹1.5 lakh in PPF. He also pays ₹30,000 as health insurance premium for himself and ₹50,000 f...
FEMA, 1999, replaced which of the following previous legislations?
From the following details, calculate interest coverage ratio:
Net Profit after tax Rs. 60,000; 15% Long-term debt 10,00,000; and Tax rate= 40%
Which of the following is not included in a Credit Monitoring Arrangement (CMA) report?
The government securities market in India is regulated by _______
As per RBI guidelines, a borrower or guarantor is classified as a Wilful Defaulter if the person has committed wilful default and the loan outstanding i...
IND AS 115 prescribes a 5-step model for recognition of revenue, identify the correct sequence of the following steps given below:
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