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.
What is the purpose of the National Automated Fingerprint Identification System (NAFIS), which recently won the Gold Award for Excellence in Government ...
______ has tied up with US’s Bridgepointe Technologies to help enable the latter’s enterprise customers to expand to India and Africa leveraging t...
Which bank has launched 'ONDC in a Box', a one-stop-shop proposition for corporates towards seamless enablement of ONDC and has become the first foreign...
The NITI Aayog has released the TCRM framework, an assessment tool that will allow stakeholders to jointly assess projects at the technology readiness l...
Who has won Sportswoman of the Decade (Cricket) in Sportstar Aces Awards 2021?
Consider the statements about Controller General of Accounts (CGA)?
I. CGA is the Principal Accounting Adviser to the Government of India.
...Which bank has been appointed by Reserve Bank of India as an authorized pension disbursement bank on behalf of the Central Pension Accounting Office (...
Which company has launched India's first-ever UPI-ATM as a White Label ATM (WLA) with the National Payments Corporation of India (NPCI offering cardless...
According to the International Monetary Fund,Asia's economy is expected to expand by _______ this year after a 3.8 per cent increase in 2022
Who is the author of the book “ Our India : Reflections on a Nation Betwixt and Between ” ?