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The Reserve Bank of India (RBI) has imposed a monetary penalty on the State Bank of India (SBI), Punjab & Sind Bank, and Indian Bank owing to non-compliance with certain regulations. SBI is penalised with Rs 1.30 crore due to lack of compliance with directions on 'Loans and Advances – Statutory and Other Restrictions' and 'Guidelines on Management of Intra-Group Transactions and Exposures'. Meanwhile, Indian Bank is charged with Rs 1.62 crore for non-compliance with 'Loans and Advances – Statutory and Other Restrictions', along with 'Reserve Bank of India [Know Your Customer (KYC)] Directions, 2016' and 'Reserve Bank of India (Interest Rate on Deposits) Directions, 2016'. Punjab & Sind Bank has to pay a fine of Rs 1 crore for failing to comply with regulations on 'The Depositor Education and Awareness Fund Scheme, 2014–Section 26A of Banking Regulation Act, 1949–Operational Guidelines'.
A firm maximizes its profit when
Market with one buyer and one seller is called
Elasticity of demand is based on which of the following factors?
Market demand for any good is a function of the
The positive cross elasticity of demand between two products means the two products
Movement along a demand curve as a result of change in price is known as
Economics of scale means
When the economist speaks of an increase in demand, he is usually referring to a ____________________
Which one of the following is not the function of a managerial economist?
Shifts in demand curve as shown in the figure below represents
