Question
Consider the following statements about inflation:
1. Inflation erodes the purchasing power of money. 2. Cost-push inflation occurs due to an increase in the cost of production. 3. Inflation is always harmful to the economy. Which of the above statements are correct?Solution
Inflation erodes the purchasing power of money (statement 1) and cost-push inflation arises when production costs increase (statement 2). However, inflation is not always harmful, as mild inflation can stimulate economic growth (statement 3 is incorrect).
KYC guidelines followed by the Banks have been framed on the recommendations of the ______
Which of the following are not the Priority Sector categories?
According to Basel II, what are the three types of risks?
I. Operational risk
II. Financial risk & infrastructure risk
III. Market risk
IV. Capital risk
The term shell company is undefined in the ___________. But in public parlance these are seen as bogus entities that do not produce anything but are us...
For SANKALPÂ Project, India has signed loan agreement of $250 million with ____________.Â
The rate of interest which the RBI charges on the loans and advances to a commercial bank borrowed for a long term is known as ________.
Which of the following is the 8 digit code and extended upto 11 digits?
Which of the following is not considered as direct instruments of RBI?
The Banking Ombudsman Scheme was come into effect from
In the terms of banking, what does 'R' pertain to in GIRO?
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