Start learning 50% faster. Sign in now
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.
Which of the following is true about Neo banking in India?
Statement 1: Neo banks are digital-only banks that operate exclusively ...
Under the proposed framework for adoption of an expected loss-based approach for provisioning by banks in India, which of the following is NOT a key req...
Regarding the National Career Service Project, consider the following statements:
1. It is a government-run recruitment agency.
Revaluation reserve are included as Tier II capital at a _______ discount for the purpose of capital adequacy ratio.
According to the Union Budget 2023-24, consider the following statements.
1. Pradhan Mantri PVTG Development Mission will provide PVTG families...
When was SIDBI established?
Prime Minister recently lauded the initiative of ‘Suposhit Maa’ - a scheme to ensure nutritional support to pregnant women. It was launched by ____...
What percentage of the project cost is covered for design projects under MSME-Innovative for Micro Enterprises?
Which of the following is classified as a Special Mention Account (SMA-0) under the revised guidelines?
As per Section 409 of the Companies Act, 2013, the President of the NCLT shall be a person who is or has been a Judge of a High Court for ________.