Commerce

Crypto currency is a form of digital currency, where the exchange of currency takes place only through the internet. It is not…

Ease of doing business is an index of the ranking system of the world bank.

Asset reconstruction company is a specialised financial institution/ non-banking institution that are engaged in the business of purchasing ill assets/ non-performing assets of companies/banks.

Liquidity adjustment facility is a technique/tool of monetary policy of the Reserve Bank of India. It allows commercial banks to borrow from the Reserve Bank of India.

PLI stands for Production linked incentive scheme introduced in March 2020

Atma Nirbhar Bharat scheme is also known as a self-reliant campaign introduced to domestic production and export and also to reduce dependence on imports.

Priority sector refers to  lending to those areas of the economy which are considered as backward and need specific attention of the government for the development of such areas.

P- note is a participatory note also known as PN.

Prompt corrective action or PCA is a framework under which banks with weak financial metrics are put under watch by the RBI.