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The Section 7 of the RBI Act empowers the Central Government to consult and give instructions to the Governor of the RBI to act on certain issues, that the government considers serious and in public interest. The Central Government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the public interest," says Section 7(1) of the RBI Act, 1934. Further, Section 7 (2) gives the government powers to entrust the running of the RBI to its Central Board of Directors.
Consider the following statements about government securities and derivatives:
(I) Government Securities are risk-free gilt-edged instruments....
Who has the authority to determine whether a bill is a Money Bill?
Which is the first Indian Company to be listed in NASDAQ?
The Monetary and Credit Policy is announced by which of the following?
India International Exchange Limited (India INX) is a subsidiary of ________.
During periods of inflation, tax rates should
In economic terms, when is a demand or supply considered inelastic?
An economic theory is a/an
What essential feature is missing from the manufacturing sector in India, despite its rapid expansion?
What is Monetary Policy Framework Agreement?
