When Was the Consumer Protection Act Passed in India?
The Consumer Protection Act was first introduced in 1986 and later it was replaced with the updated Consumer Protection Act... View Article
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What Are the 8 Basic Rights of the Consumers?
The 8 basic rights of the consumers can be enumerated in the following lines: Right to safety Right to basic... View Article
What Are the 5 Basic Functions of an Enterprise Owner?
The 5 basic functions of an enterprise owner can be highlighted as follows: Planning or Creating strategy Organising of resources... View Article
What Is the Most Important Function of an Entrepreneur?
The most important function of an entrepreneur is said to be risk taking. An entrepreneur has to take risks in... View Article
What Are the 7 Business Functions?
The 7 business functions can be classified as follows: General Management Marketing Human resources Finance Accounting Production Public Relations Stay... View Article
What Are the 7 Functions of Management?
The 7 functions of management are as follows: Planning Organising Staffing Directing Coordinating Reporting Budgeting Stay connected with our website... View Article
What Is the Major Role of Banks?
Banks play an important role in the economy, they are responsible for collecting deposits from individuals or businesses and lend... View Article
Who Decides the Reverse Repo Rate?
The Reverse Repo Rate is decided by the Monetary Policy Committee (MPC), which is headed by the RBI Governor. Stay... View Article
Who Decides the Repo Rate?
RBI or Reserve Bank of India decides the repo rate. Stay connected with our website for more of such questions... View Article
Is SBI a Commercial Bank?
Yes, SBI or State Bank of India is the largest commercial bank in India. It is a public sector bank.... View Article
What Are the Limitations of Credit Creation by Commercial Banks?
Limitations of credit creation by commercial banks are as follows: The amount of cash banks possess is directly proportional to... View Article
What Are the Disadvantages of Commercial Banks?
Disadvantages of commercial banks are as follows: The funds received from the commercial banks are of short duration and the... View Article
What Are the Commercial Functions of an Entrepreneur?
The commercial functions of an entrepreneur are Production or manufacturing Marketing Accounting Finance Human resource management Stay connected with our... View Article
What Are the 4 Main Functions of Business?
The 4 main functions of business are: Planning Organising Leading Controlling Stay connected with our website for more questions and... View Article
What Are the Two Essential Functions of a Bank?
The most essential functions of a bank are accepting deposits and lending money in the form of loans. Stay connected... View Article
What Is the Current Reverse Repo Rate?
The current reverse repo rate as of June 2021 announced by RBI is 3.35% Stay connected with our website for... View Article
What Is the Reverse Repo Rate?
The rate at which the RBI (central bank) borrows money from commercial banks for a short term is called the... View Article
Which Is the Largest Commercial Bank in India?
State Bank of India is the largest commercial bank in India. It is also the largest public sector bank of... View Article
What Are the Advantages of Commercial Banks?
The following are the advantages of commercial banks: Location: Commercial banks are located in most of the locations. Discounts: Commercial... View Article
What Are the Types of Commercial Banks?
The following are the types of commercial banks: Public sector banks Private sector banks Foreign banks Regional rural banks or... View Article
