The Consumer Protection Act was first introduced in 1986 and later it was replaced with the updated Consumer Protection Act which was introduced... View Article
The 8 basic rights of the consumers can be enumerated in the following lines: Right to safety Right to basic needs Right to choose Right to... View Article
The 5 basic functions of an enterprise owner can be highlighted as follows: Planning or Creating strategy Organising of resources Staffing... View Article
The most important function of an entrepreneur is said to be risk taking. An entrepreneur has to take risks in order to be successful, therefore... View Article
The 7 business functions can be classified as follows: General Management Marketing Human resources Finance Accounting Production Public... View Article
Banks play an important role in the economy, they are responsible for collecting deposits from individuals or businesses and lend them out to... View Article
The Reverse Repo Rate is decided by the Monetary Policy Committee (MPC), which is headed by the RBI Governor. Stay connected with our website... View Article
Yes, SBI or State Bank of India is the largest commercial bank in India. It is a public sector bank. Stay connected with our website for more... View Article
Limitations of credit creation by commercial banks are as follows: The amount of cash banks possess is directly proportional to the amount of... View Article
Disadvantages of commercial banks are as follows: The funds received from the commercial banks are of short duration and the procedure of... View Article
The commercial functions of an entrepreneur are Production or manufacturing Marketing Accounting Finance Human resource management Stay... View Article
The most essential functions of a bank are accepting deposits and lending money in the form of loans. Stay connected with our website for more... View Article
The current reverse repo rate as of June 2021 announced by RBI is 3.35% Stay connected with our website for more questions and answers on... View Article
The rate at which the RBI (central bank) borrows money from commercial banks for a short term is called the Reverse repo rate. It helps the... View Article
State Bank of India is the largest commercial bank in India. It is also the largest public sector bank of India. Stay connected with our website... View Article
The following are the advantages of commercial banks: Location: Commercial banks are located in most of the locations. Discounts: Commercial... View Article
