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Karandeep
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Asked: 2022-03-30T15:03:44+05:30 In:

Repo Rate

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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 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?

Poll Results

100%(a) 1 only ( 3 voters )
0%(b) 2 only ( 0 voters )
0%(c) Both 1 and 2 ( 0 voters )
0%(d) Neither 1 nor 2 ( 0 voters )
Based On 3 Votes

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1 Answer

  1. Navjot
    Best Answer
    Beginner

    The Repo rate is the rate at which the commercial banks borrow from the RBI., Therefore, 1st statement is correct.

    If the value of the Gini Coefficient is 0, it implies that there is perfect equality in the system. When the value is 1, then there is complete inequality in the nation. So, the 2nd statement is wrong.

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