Question
What is the ratio of money held by the public in
currency to that held as deposits in commercial banks called?Solution
The currency deposit ratio shows the amount of currency that people hold as a proportion of aggregate deposits. An increase in cash deposit ratio leads to a decrease in money multiplier. An increase in deposit rates will induce depositors to deposit more, thereby leading to a decrease in Cash to Aggregate Deposit ratio. This will in turn lead to a rise in Money Multiplier.
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
In which year New India Assurance Co Ltd nationalized?
Consider the following statement:
I. NCB is given to the insured and not to the insured vehicle.
II. On transfer of the vehicle, the ...
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap ...
What is the purpose of a "No Claim Bonus" in motor insurance?
The Agriculture Insurance Company of India Limited was incorporated on?
What is the purpose of "reinsurance"?
The 'No Claim Bonus' is calculated based on:
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
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