Question
Explain how ‘bank rate’ is helpful in controlling credit creation?
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|
S.No.
|
Contents
|
$₹ ($in crore$)$
|
| $(i)$ |
Gross National Product at Factor Cost
|
$6,150$ |
| $(ii)$ |
Net Exports
|
$(-)50$ |
| $(iii)$ |
Compensation of Employees
|
$3,000$ |
| $(iv)$ |
Rent
|
$800$ |
| $(v)$ |
Interest
|
$900$ |
| $(vi)$ |
Profit
|
$1,300$ |
| $(vii)$ |
Net Indirect Taxes
|
$300$ |
| $(viii)$ |
Depreciation
|
$400$ |
| $(ix)$ |
Factor Income to Abroad
|
$80$ |