NextQ87

"Repo Rate and Bank Rate are two different measures, but a change in either of them may have the similar implication on the money supply in an economy." Defend or refute the given statement, giving valid explanation in support of your answer. "The Reserve Bank of India (RBI) is the sole authority for issuing currency notes in India, with an exception of Rs. 1 denomination that is issued by the Ministry of Finance." Do you agree with the given statement ? Explain the rationale behind the monopoly enjoyed by the Reserve Bank of India (RBI) on this front.

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Question 86

Liabilities for any firm are its debt/what it owes to others. Contrary to that, for a bank ___________ are the main liability. (Choose the correct option to fill in the blank)

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