What is Sukanya Samriddhi Scheme? The Sukanya Samriddhi Scheme is a savings and investment option offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings, and is specifically targeted towards the financial security and education […]
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What is Post Office Savings Account? The Post Office Savings Account is a savings and investment option offered by the government of India through the India Post Office. It is a safe and secure investment option that allows individuals to earn a fixed rate of interest on their savings. The Post Office Savings Account is
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What is Post Office Recurring Deposit (RD) Account? The Post Office Recurring Deposit (RD) Account is a savings and investment option offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings. The RD account is
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What is Kisan Vikas Patra (KVP)? Kisan Vikas Patra (KVP) is a savings instrument offered by the government of India through the India Post Office. It is a long-term investment option that allows individuals to earn a fixed rate of interest on their savings. The KVP is a bearer instrument, which means that it is
What is National Savings Certificate (NSC)? The National Savings Certificate (NSC) is a government-backed investment option offered by the Ministry of Finance in India. It is a fixed-income instrument that allows individuals to earn a fixed rate of interest on their savings. The NSC is a tax-saving investment option, as the contributions made to the
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What is Public Provident Fund (PPF)? The Public Provident Fund (PPF) is a long-term savings scheme offered by the government of India. It is a savings and investment vehicle that allows individuals to set aside a portion of their income for the future, while also earning a decent rate of interest on their savings. The
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What is Fiscal Policy It refers to revenue and expenditure policy of the government. To Correct the problems of Deficient demand and Excess Demand following four components of fiscal policy are used : Components of Aggregate Demand In this context it is pertinent to recap the four components of Aggregate Demand To correct the problem
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Policy Action Meaning Excess Demand Deficient Demand Bank Rate The interest rate at which RBI lends money to commercial Banks Increased Decreased Repo Rate The interest rate at which RBI lends money to commercial Banks Increased Decreased Rev Repo Rate Interest rate at which commercial banks keep their money with RBI Increased Decreased Open market
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