DMPQ: Explain the following terms;         1) TAccavi         2) Repo rate         3) Base rate         4) Marginal cost of fund based lending rate

What is Taccavai? Ans:  Taccavai is agricultural loan given to poor cultivators to relieve their distress and enable them to pay land revenue in time. What is repo rate?   Ans:  Repo rate is the interest rate at which the RBI lends money to commercial banks.  It is a monetary policy instrument which can be … Read more

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