Question
What is 'monetary policy' and who implements
it?Solution
Monetary policy refers to the strategies employed by a central bank, such as the Reserve Bank of India, to control the volume of money supply and interest rates in the economy. Its primary objectives include controlling inflation, managing employment levels, stabilizing the national currency, and fostering conditions for economic growth. Key tools of monetary policy include open market operations, setting reserve requirements, and adjusting interest rates, which together influence liquidity, consumer spending, investment, and overall economic stability.
The Beating Retreat ceremony, held at Vijay Chowk in New Delhi on 29 January 2023, witnessed the country’s biggest Drone Show comprising ______ indige...
An independent professional person registered under the Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
A document given to an applicant for life insurance stating that the company’s acceptance is contingent upon determination of the applicant’s insura...
What is the difference between "reinsurance" and "co-insurance"?
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Which country is the first in the world to introduce the concept of Insurance Repository services?
The Motor Vehicles Act, 1988 requires what document as proof of insurance?
The 'No Claim Bonus' is calculated based on:
A policy that covers the risk of theft of goods from a shop is:
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