Which one of the following best describes the term "Merchant Discount Rate" sometimes seen in news ?
The incentive given by a bank to a merchant for accepting payments through debit cards pertaining to that bank.
The amount paid back by banks to their customers when they use debit cards for financial transactions for purchasing goods or services.
The charge to a merchant by a bank for accepting payments from his customers through the bank's debit cards.
The incentive given by the Government to merchants for promoting digital payments by their customers through Point of Sale (PoS) machines and debit cards.
"Gold Tranche" (Reserve Tranche) refers to
Economy · Easy
Consider the following statements: 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct?
Economy · Easy
If the RBI decides to adopt an expansionist monetary policy, which of the following would it not do? 1. Cut and optimize the Statutory Liquidity Ratio 2. Increase the Marginal Standing Facility Rate 3. Cut the Bank Rate and Repo Rate Select the correct answer using the code given below:
Economy · Easy
Consider the following statements: 1. Petroleum and Natural Gas Regulatory Board (PNGRB) is the first regulatory body set up by the Government of India. 2. One of the tasks of PNGRB is to ensure competitive markets for gas. 3. Appeals against the decisions of PNGRB go before the Appellate Tribunals for Electricity. Which of the statements given above are correct?
Economy · Easy