Indian Economy

Small Thread About Globalisation

Globalisation made the Indian economy one of the world’s quickest developing economies. It assisted in bringing in various changes concerning industrial, trade and cultural exchange to make the economy more competitive. It also heralded the integration of the Indian economy into the global economy. Globalisation is the process of rapid integration or interconnection between countries

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Indian Economy, SSC

Reserve Repo Rate

What is Reserve Repo Rate? Reserve Repo Rate is a banking instrument that central banks use to control the money supply. It’s also known as the “reserve requirement.” The Reserve Repo Rate is determined by the central bank, and it’s usually changed in response to economic conditions. In this article, we’ll discuss how the Reserve

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Indian Economy, SSC

Repo Rate

What is Repo Rate? Repo rate is the rate on the basis of which the RBI gives or lends money to commercial banks. It is also known as the “call money rate.” The RBI uses the repo rate as an instrument to control liquidity in the banking system. When commercial banks have excess funds, they

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Indian Economy, SSC

RTGS

Introduction In the banking world, RTGS is a system that allows for the immediate settlement of transactions. This means that when two parties make a transaction, the money is transferred from one account to another almost instantly. RTGS is used mainly for high-value transactions, and it is considered to be one of the safest ways

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Indian Economy, SSC