Question
The central Bank (RBI) buys the government security with
the agreement of the resale of the security at a rate called:Solution
When the central bank buys the security, this agreement of purchase also has specification about date and price of resale of this security. This type of agreement is called a repurchase agreement or repo. The interest rate at which the money is lent in this way is called the repo rate.
Statement : "The school has introduced a scholarship program for meritorious students from economically weaker sections."
Assumptions :
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In each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumpt...
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