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What is Repo Rate?
What is Repo Rate? Definition The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) lends to commercial banks. This helps banks maintain liquidity by using government securities as collateral. Illustration Example: If a bank needs funds, it can borrow from the RBI at a 6.5% repRead more
What is Repo Rate?
Definition
The Repo Rate is the interest rate at which the Reserve Bank of India (RBI) lends to commercial banks. This helps banks maintain liquidity by using government securities as collateral.
Illustration
Impact
- Higher Repo Rate: Reduces money in the economy, controlling inflation.
- Lower Repo Rate: Increases lending, supporting economic growth.
See lessWrite the main features of Mahatma Gandhi National Rural Employment Guarantee Act.
Main Features of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) 1. Guaranteed Employment Provides at least 100 days of wage employment per year to rural households willing to do unskilled manual work. 2. Focus on Rural Development Projects include water conservation, land develRead more
Main Features of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
1. Guaranteed Employment
2. Focus on Rural Development
3. Social Inclusion
4. Transparency and Accountability
- Public records and social audits ensure transparency.
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