Question
Which of the following statement is incorrect about
India Post Payment Bank? i. It's slogan is “Apka Bank Apke Dwaar” ii. It is a payment bank therefore it will not provide any loans including credit cards iii. It is a joint venture between India Post and SBI, each holding 50% of the equity.Solution
The India Post Payments Bank (IPPB) has been recently incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity. IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.
A subsidy can actually cause the consumption of a subsidized good to fall if
Given the following data for a country:
Fiscal deficit: $50 billion
Interest payments: $15 billion
Capital expenditure: $25 bil...
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
Within the AD-AS model, a phenomenon known as stagflation is best represented by a shift in which curve, and with what consequence for the short-run equ...
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater
the_____
If elasticity is ‘e’, and price of the product is B, MR=?
For goods x1 and x2 with prices P1 and P2, if dx1/dP2 is positive then,
What is the target Fiscal Deficit as a % of GDP for FY23 in the Union Budget 2022-23?
Starting from a position where the nation's money demand equals the money supply and its balance of payments is in equilibrium. Its balance of payments ...
It is given that Qd = 300 - P, Qs = Q/2. Government imposes specific tax in such a way that it maximizes the total tax revenue. Then find out the DWL in...
