When a commercial bank creates credit, its immediate effect is that it raises
Extending credit or creating credit refers to one of the important functions of commercial banks that help in increasing money supply. For instance, a bank lends ₹ 5 lakh to an individual and opens a demand deposit in the name of that individual. Bank makes a credit entry of ₹5 lakh in that account. This leads to creation of demand deposits in that account. The point to be noted here is that there is no payment in cash. Thus, without printing additional money, the supply of money is increased.
National Action Plan on Climate Change (NAPCC) is one of India’s most ambitious step towards sustainable Development. In which of the following years,...
Scarcity of capital, unemployment and technological backwardness are generally found in ________ economies.
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was launched on which year?
What is true about Per Capita Income?
1) Per capita income is a measure of the amount of money earned per person in a nation or geographic region...
Which of the following scenarios explain economic development?
ICEGATE Platform is managed by _______________.
The National Infrastructure Pipeline was launched with 6,835 infrastructure projects with a projected infrastructure investment of _________.
PPP stands for
Which of the following explains the term economic growth?
What does Sustainable Development means?