UPSC 2007 › Indian Economy › Monetary Policy & Money Supply

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UPSC 2007 · Q98 · Indian Economy › Monetary Policy & Money Supply · Save

Consider the following statements:

  1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
  2. A value of 1 for the Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.

Which of the statements given above is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Show answer
Answer: (a) 1 only