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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 Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.
Which of the statements giver, above is/are correct?


A) 1 only

B) 2 only

C) Both 1 and 2

D) Neither 1 nor 2

Correct Answer:
A) 1 only


Part of solved Fiscal System questions and answers : General Knowledge >> Economy >> Fiscal System




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