Questions

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

Brexit is the withdrawal of the United Kingdom from the European Union. In a referendum  on  23  June  2016, 51.9%    of    the    participating UK electorate voted  to  leave  the  EU, out of a turnout of 72.2%.

The Central Statistics Office (CSO), Ministry of Statistics and Programme   Implementation,   has released  the  provisional  estimates of national income for the financial year 2015-16 and quarterly estimates    of    Gross    Domestic Product    (GDP)    for    the    fourth quarter  (January-March)  of  2015-16,   both   at   constant   (2011-12) and current prices.