➵ What is Inflation?

Inflation can be described as an increase in the cost of goods and services over a period of time in a given economy.

➵ what is meant by Digital Rupee in India?

The Digital Rupee (e₹), or eINR or E-Rupee, is a tokenised version of the Indian Rupee, to be issued by the Reserve Bank of India (RBI) in 2022–23. This digital currency was first proposed back in 2017 and has been anticipated by many.

➵ What is Repo Rate & Reverse Repo Rate?

REPO RATE: The repo rate is the interest rate that banks borrow money from the RBI to take a loan, assets such as treasury bills and bonds are put up as collateral. The repo rate is the cost to commercial banks of borrowing funds from the RBI, it is essentially their lending rate. REVERSE REPO RATE: Unlike the repo rate, reverse repo rate applies to the interest that RBI pays out. If a bank has more money than its needs, it can deposit the funds with RBI and make a profit in return. The amount of interest paid out by RBI is determined by this rate - known as reverse repo rate.