Bank rate is the rate at which the RBI: MCQ with Answer and Explanation

Explanation:
Input tax credit is available for inputs used for business purposes.

Explanation:
The zero lower bound refers to the constraint that nominal interest rates cannot be reduced much below zero, limiting the effectiveness of conventional monetary policy in deep recessions.

Explanation:
A capitalist (market) economy is characterised by private ownership of the means of production, profit motive, and resource allocation through the market mechanism.