Question
If RBI increases the repo rate by 0.5%, and a bank’s
base rate is 9%, what is likely new base rate?Solution
Base rate may rise in response to a repo rate hike as cost of funds increases. New base rate = 9% + 0.5% = 9.5%
What is the primary function of the National Payments Corporation of India (NPCI)?
A threat to commit suicide may amount to:
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1. The process of acquiring and efficiently utilising financial resources
...
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