Monetary base and high-powered money both include the total liability of RBI · The Monetary base includes bank reserve and currency in circulation. · High Power Money (Reserve Money or Base Money) – High power money is the base of money supply expansion in the economy. · High Power Money = C + OD + CR. C = Currency with the public OD = Other Deposits of the general public with the RBI (insignificant) CR = Cash Reserves of banks which consists of (i.) Cash with banks themselves and (ii) Bankers deposits with RBI.
What is the primary objective of the Railways (Amendment) Bill, 2024 introduced by Union Railway Minister Ashwini Vaishnaw?
Which company has launched a digital platform offering various financial services to its customers through a single application named 'FinCorp ONE', the...
Prime minister Narendra Modi recently released a book Bhartiya Samvidhan: Ankahi Kahan i written by?
The government is going to make relevant changes in the Insolvency and Bankruptcy Code (IBC) to consider insurers as financial creditors in case of defa...
What is the main benefit of using DigiLocker as part of India's Digital Wallet initiative under the Digital India program?
Where is the Arabian Travel Mart 2024 being held?
What new metric has the UN General Assembly launched to measure nations' economic vulnerability?
Union Bank of India has recently launched New Saving & Current Account Schemes in order to enhance inclusivity and diversity.Which of the following is n...
According to the ‘IT Services 25’ list prepared by UK-based consultancy Brand Finance for the year 2023, which company retain its top position?
Which of the following statements are correct regarding the eligibility criteria for maharatna companies?
1. It must be registered as a Navratna ...
