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Inflation reflects a reduction in the purchasing power of money. For example, XYZ Ltd. buys 10 litre of Petrol @ Rs.75 per litre from Indian Oil, thereby spending a total of Rs.750 on petrol. After one month petrol price is increased to Rs.80 per litre. Now, XYZ Ltd would be able to purchase only 9.38 litre petrol from Rs.750/- as against 10 litre petrol from the same Rs.750 one month ago. Hence purchasing power of money (Rs.750) reduced due to inflation. Inflation will always reduce the value of money unless interest rates are higher than inflation.
What is the purpose of the Udyam Assist Portal (UAP) certificate issued to Informal Micro Enterprises (IMEs)?
DICGC, a wholly owned subsidiary of RBI, has increased insurance cover of deposit from 1 lac to ?
What is the name of the new assault rifle launched by DRDO for the Indian Army?
The Reserve Bank of India (RBI) has devised a National Strategy for Financial Inclusion (NSFI) for the period of 2019 to _________.
What did the Securities and Exchange Board of India (Sebi) approve regarding settlement and market regulations?
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What is the world wide ranking of LIC, the strongest government insurance organization in the year 2021?
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The FDI limit in insurance sector for companies that write insurance cover is ______