Question
What is the maximum time period given to the states to
repay the Ways and Means Advances extended to them by the RBI?Solution
Ways and Means Advances are extended by the Reserve Bank of India to the states in order to help them meet the temporary mismatch in the cash flow. The states can repay the advance within a maximum period of 90 days. WMA is guided by the Section 17(5) of the RBI Act 1934.
Which of the following methods is used to control inflation in India?
When a price ceiling is imposed in a market,
Which of the following may lead to a shift in the demand curve?
Which of the following statement is correct about the situation in the economy?
Which of the following should be excluded while calculating Gross national Product?
If a 1 percent decrease in the price of a pound of squash results in a larger percentage decrease in the quantity supplied,
Which of the following asset belongs to the flow concept?
An inferior good is one for which an increase in income causes a(n)
Price elasticity of demand of a horizontal demand curve is called:
Which of the following will have the largest value while calculating national income?
