Question

Read the following news report and answer questions 7-10 on the basis of

the same:

The Reserve Bank of India (RBI), cut repo rate to 4.5% the lowest in at least

15 years. Also, it reduced the Cash reserve ratio (CRR) maintained by the

bank for all banks was cut by 100 basis points to release rupees 1.37 lakh

crores across the banking system. RBI Governor Urjit R. Patel predicted a

big global recession and said India will not be immune. It all depends how

India responds to the situation. Aggregate demand may weaken and ease

core inflation.

The Economic Times: March 27th, 2020

Q.7 Cut in repo rate by RBI is likely to ________(increase/decrease) the

demand for goods & services in the economy. (choose correct alternative)

Q.8 Decrease in Cash Reserve Ratio will lead to_______.

a. fall in aggregate demand. . b. fall in government price level

c. rise in aggregate demand. d. No change in aggregate demand

Q.9 The difference by which actual aggregate demand exceeds the Aggregate

Demand, required to establish full employment equilibrium is known as

___________(inflationary gap/deflationary gap).

Q.10 ___________ refers to that portion of total deposits which a commercial

bank has to keep with the Central Bank.

a. SLR
b. Bank rate

c. CRR
d. None of these​

Answer 1

Answer:

1) of the violence which further led to riots and Gandhi Ji wanted to win this or gain this independence without violence. 2)also the ideas of non cooperation movement didn't reached to all the people such as poor peasants. 3)due to this many people died and Gandhi Ji didn't want that.