Question:
Which of the following rates is not decided by the Reserve Bank of India (RBI)?
Which of the following rates is not decided by the Reserve Bank of India (RBI)?
Updated On: Jan 30, 2025
- Repo Rate
- SLR
- CRR
- Savings Bank Rate
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The Correct Option is D
Solution and Explanation
The RBI was established in 1935 to tackle the economic turmoil after World War I. It was nationalized in 1949 and became a member of the Asian Clearing Union in the same year.
The correct option is (D): Savings Bank Rate
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Consider the following Harrod-Domar growth equation: \[ \frac{s}{\theta} = g + \delta \] where \( s \) is the saving rate, \( \theta \) is the capital-output ratio, \( g \) is the overall growth rate, and \( \delta \) is the capital depreciation rate. If \( \delta = 0 \) and \( s = 20% \), then to achieve \( g = 10% \), the capital-output ratio will be ________ (in integer).
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