All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Banking Exams Exam  >  Banking Exams Questions  >  What is the significance of the increase in i... Start Learning for Free
SaveJoin the Discussion on the App
What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?
  • a)
    It encourages households to reduce their financial savings.
  • b)
    It leads to an increase in market borrowings for the Central Government.
  • c)
    It indicates reduced reliance on market borrowings by the Central Government.
  • d)
    It has no impact on the overall financial savings rate.
Correct answer is option 'C'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
What is the significance of the increase in interest rate on the 5-yea...
The increase in the interest rate on the 5-year recurring deposit scheme to 6.7% for the 3rd quarter of 2023-2024 (Q3FY24) suggests that there is reduced reliance on market borrowings for the Central Government. This comes amid trends such as a historic low in household net financial savings rate in FY23, indicating the government's efforts to encourage regular savings.
< Previous Question Next Question >
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

Direction: Read the given information carefully and answer the following question.In an organization, there are 4500 employees. The ratio of males to female employees is 3 : 2. All the employees are divided into six different departments viz. operations department, sales department, production department, finance department, HR department and marketing department. 15% of the employees are in the marketing department. 10% of the female employees are in the sales department. 30% of the male employees are in the production department. Female employees in the HR department are 20% of the female employees in the sales department. 20% of male employees are in the operation department. Male employees in the sales department are 50% of the females in the same. 20% of the female employees are in the finance department. The ratio of male employees to female employees in the HR department is 2 : 1 respectively. 20% of the total number of employees are in the operations department. The ratio of male to females in the finance department is 3 : 2.Q. Number of female employees in operations department is what percent of the total number of employees?

Direction: Read the given information carefully and answer the following question.In an organization, there are 4500 employees. The ratio of males to female employees is 3 : 2. All the employees are divided into six different departments viz. operations department, sales department, production department, finance department, HR department and marketing department. 15% of the employees are in the marketing department. 10% of the female employees are in the sales department. 30% of the male employees are in the production department. Female employees in the HR department are 20% of the female employees in the sales department. 20% of male employees are in the operation department. Male employees in the sales department are 50% of the females in the same. 20% of the female employees are in the finance department. The ratio of male employees to female employees in the HR department is 2 : 1 respectively. 20% of the total number of employees are in the operations department. The ratio of male to females in the finance department is 3 : 2.Q. Number of female employees in operations department is what percent of the total number of employees?

Direction: Read the given information carefully and answer the following question.In an organization, there are 4500 employees. The ratio of males to female employees is 3 : 2. All the employees are divided into six different departments viz. operations department, sales department, production department, finance department, HR department and marketing department. 15% of the employees are in the marketing department. 10% of the female employees are in the sales department. 30% of the male employees are in the production department. Female employees in the HR department are 20% of the female employees in the sales department. 20% of male employees are in the operation department. Male employees in the sales department are 50% of the females in the same. 20% of the female employees are in the finance department. The ratio of male employees to female employees in the HR department is 2 : 1 respectively. 20% of the total number of employees are in the operations department. The ratio of male to females in the finance department is 3 : 2.Q. What is the difference between the number of male employees from the sales department and the number of female employees from the production department?

Top Courses for Banking ExamsView all

Top Courses for Banking Exams

What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer?
Question Description
What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer?.
Solutions for What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the significance of the increase in interest rate on the 5-year recurring deposit scheme announced by the Department of Economic Affairs (DEA)?a)It encourages households to reduce their financial savings.b)It leads to an increase in market borrowings for the Central Government.c)It indicates reduced reliance on market borrowings by the Central Government.d)It has no impact on the overall financial savings rate.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup