Q. 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? [IAS 2007] (Solved)

1. 1 only

2. 2 only

3. Both 1 and 2

4. Neither 1 nor 2

  • a. 1 only
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