Topic: Banking Terms


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Movement along the supply curve is known as ______ . Options: 1) Contraction of supply 2) Expansion of supply 3) Increase in supply 4) Expansion and contraction of supply

Correct Answer: Expansion and contraction of supplyIn other words, a movement occurs when a change in the quantity demanded is caused only by a change in price, and vice versa. ... Therefore, a movement along the supply cur...Read more

At which rate, Reserve Bank of India borrows money from commercial banks? Options: 1) Bank Rate 2) Repo Rate 3) Reverse Repo Rate 4) Statutory Liquidity Rate

Correct Answer: Reverse Repo Rate Repo rate is the rate at which RBI lends to its clients generally against government securities. ... ReverseRepo rate is the rate at which RBI bor...Read more