The rate at which RBI gives short term loan to commercial banks is called

What is the accounting year of the Reserve Bank of India?

The central bank of India or Reserve Bank of India was created before Independence, in the year 1934. The recommendation to create a central bank was made by a commission called:

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? 

1. It decides the RBI's benchmark interest rates. 

2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 

3. It functions under the chairmanship of the Union Finance Minister. 

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The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to

In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 

(1) To enable the Central Bank to control the amount of advances the banks can create 

(2) To make the people’s deposits with banks safe and liquid 

(3) To prevent commercial banks from making excessive profits 

(4) To force the banks to have sufficient vault cash to meet their day-to-day requirements 

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If the interest rate is decreased in an economy, it will