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When there is excess inflow of foreign currencies, RBI absorbs most of it to prevent any adverse effect. Such drastic inflow caused steep rise of exchange rate causing fall of export and other negative consequences. Thus RBI decides to absorb foreign currencies (dollars) from the market. Since it will done in exchange for rupees, it will increase money supply in the market. This may leads to the issue of inflation. Thus now RBI sales Government Securities to absorb excess money supply from the market. Since this sterilizes the economy from many adverse shocks, the entire operation is called sterilization.
Which state received first prize from center for implementation of e-tendering process?
The first phase of bank nationalization began in the year of
An annuity due is an annuity in which the periodic payments are made at the beginning of each payments interval.
Recently Prime Minister Narendra Modi inaugurated the fourth Vande Bharat Express Train in which of the following states?
SEBI has different circuit breakers for indices and for stocks
Which state lies directly south of Nagaland?
How many sectors of the economy are represented in the NSE Nifty 50 index?
SHWAS and AROG schemes have been launched by which bank to help the sufferer with the required financial support in the fight against the COVID-19 pande...
The "loom" was a central technological innovation during which era?
Which organization in India is leading the production of green ammonia as part of an agreement with Japan?