Prime lending rate: Interest rate banks charge to their most creditworthy customers. The rate is determined by the market forces affecting a bank’s cost of funds and the rates that borrowers will accept.
Statutory Liquidity Rate: Statutory liquidity rate (SLR) is the Indian government term for reserve requirement that the commercial banks in India require to maintain in the form of gold, government approved securities before providing credit to the customers.
Bank Rate : Bank Rate refers to the official interest rate at which RBI will provide loans to the banking system which includes commercial / cooperative banks, development banks etc. Such loans are given out either by direct lending or by rediscounting (buying back) the bills of commercial banks and treasury bills.
Repo Rate: Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation.
Q2. Medium term loans are provided for a period of________.
Long terms loans are those loans which have a long tenure more than five years. Most of the long terms are secured loans for example home loans, car loans, loans against property all these category falls under long terms loans. EMI for such loans in quite low
Medium term loans are those loans such as 1 to 5 years the interest rate is upto 36%. Also medium loans are the unsecured ones in most of the cases. EMI of such loans is more than the long terms loans.
Short term loans are those loans which has a loan tenure of 1–12 months. Interest rate that is being charged is applied on a per month basis can vary 0.5% to 2.5% per month.
Q3. India’s first official census operation was undertaken in which year?
भारत का पहला आधिकारिक जनगणना अभियान किस वर्ष चलाया गया था?
The first complete census of population was, however, conducted in 1881, on a uniform basis throughout India providing the most complete and continuous demographic record for any comparable population.
Q4. The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?
किसी वस्तु की कीमत में परिवर्तन होने पर और उपभोक्ता की आय को इस प्रकार समायोजित करने पर कि वह उसी बण्डल को खरीद सके जिसे वह कीमत में परिवर्तन के पहले खरीदता था, वस्तु की इष्टतम मात्रा में हुए परिवर्तन को क्या कहा जाता हैं?
The tertiary sector or service sector is the third of the three economic sectors of the three-sector theory. The service sector consists of the production of services instead of end products. Services include attention, advice, access, experience, discussion, and affective labour.
Q6. Which among the following is not a direct tax?
A direct tax is one imposed upon an individual person (juristic or natural) or property (i.e. real and personal property, livestock, crops, wages, etc.) as distinct from a tax imposed upon a transaction. Income tax, Corporate tax, Wealth tax are all examples of direct taxes.
Q7. Which of the following pair/pairs is/are INCORRECT?
Golden revolution – Fruits production
Blue revolution – Increasing production of fertilizers
Yellow revolution – For the production of eggs
निम्नलिखित में से कौन सा/से युग्म सही नहीं है/हैं?
Taxation – Taxation refers to compulsory or coercive money collection by a levying authority, usually a government. The term “taxation” applies to all types of involuntary levies, from income to capital gains to estate taxes.
Public expenditure – Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc.
Public debt – Government debt (also known as public interest, national debt and sovereign debt) is the debt owed by a government.
Credit Rationing – Credit rationing is the limiting by lenders of the supply of additional credit to borrowers who demand funds, even if the latter are willing to pay higher interest rates.
Q10. Which of the following equation is/are INCORRECT?
NI = NDP + Net Foreign Income
GNP = GDP + Net Foreign Income
NDP = GNP – Depreciation
निम्नलिखित में से कौन सा/से समीकरण सही नहीं है/है?