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.
Which Indian state has recently pioneered the establishment of 'co-districts' to enhance administrative efficiency?
On which date did the Border Roads Organisation (BRO) connect the strategic Nimmu-Padam-Darcha road in Ladakh?
What major initiative was announced by the Centre regarding the "no-detention" policy for Classes 5 and 8?
Which bank joined forces with IIT Madras to establish a cybersecurity lab aimed at bolstering security measures across various sectors?
Who won the 2024 U.S. presidential election according to recent projections?
Consider the following statements about ‘National Policy of Rare Diseases (NPRD)’:
1. Those who are suffering from rare diseases listed under...
Union Budget for 2022-23, an amount of Rs _______ crore was allocated for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
What is the primary focus of Phase III of the eCourts Mission Mode Project?
What is the target renewable energy capacity for India by 2030?
Which country has the highest proportion of global real-time payments?
