General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 11)
11.
If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits
Discussion:
31 comments Page 2 of 4.
Sweety said:
1 decade ago
It is that form of market where there are many seller of the product but the product of each seller is different from the product of others. 4 eg: firm producing different brand of toothpaste like close up, colgate, pepsodent etc.
TaNMaY Hamdapurkar said:
1 decade ago
Increase and Decrease in bank deposits is totally depends upon:
1) Bank rate.
2) Repo and reverse Repo rate.
3) SLR and CRR and the main is PLR Which is bench mark which decides or controls saving deposits rate of bank.
1) Bank rate.
2) Repo and reverse Repo rate.
3) SLR and CRR and the main is PLR Which is bench mark which decides or controls saving deposits rate of bank.
Neha said:
1 decade ago
Please tell me, what is nationalized bank means and why the banks are nationalized and what is monopoly?
I don't have any knowledge about banks and about their nationalization. So please tell me in long description.
I don't have any knowledge about banks and about their nationalization. So please tell me in long description.
Shailesh said:
1 decade ago
ASHA and priyanka:- The PSU's in INDIA are under the govt control and since for the govt welfare of the people is the first preference it won't let the monopolistic bank to increase the interest rate at will.
Neyaz Ahmed said:
1 decade ago
Dear, Shah Bhumesh.
Ya it is right that whatever you said but when the banks are taken monopolization than the policy will be the same for all banks so it will be neither increase nor decrease.
Ya it is right that whatever you said but when the banks are taken monopolization than the policy will be the same for all banks so it will be neither increase nor decrease.
Aijaz Bhat said:
1 decade ago
Increase or Decrease of deposits depends upon Interest rates. So, if all banks are nationalised and meanwhile if there is no change in interest rates than, option C is right.
RAJNI said:
1 decade ago
Monopoly means tere is only one seller of a product or service and there is no competitor of their product e. G electricity board, railways govt has monopoly in this area.
Sarvottam tiwari said:
1 decade ago
If government will work on social welfare too after being monopolized then deposit rates should be increase na ?
Why they will be neither increase no decrease ?
Why they will be neither increase no decrease ?
Shah bhumesh said:
1 decade ago
But each bank has to deposit some margin or deposit for getting nationalized. So can anyone explian why the answer is neither increase or decrease?
Prashant said:
2 decades ago
It will remain the same, because bank do not increase the national income. So it remains the same immaterial wheather banks are there or not.
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