Why has Dr. Subir Gokarn’s name been in the news recently ?

As per the reports in the financial news papers the RBI, w.e.f. February 2007, has decided to pay some interest on the ‘Cash reserve deposits’ kept with it by various banks. What will be the rate of interest on such deposits ?

The RBI has asked the banks not to grant loans to individuals for the purchase of which of the following ?

It is evident that the economic slowdown still continues to weigh on the performance of the banks in India. How is this affecting banks and/or general public ?

As per the news published in major newspapers in India Banks in India need about 12 lakh business correspondents for rural areas. What will be the role of these correspondents ?

1. They will help rural people in their day-to-day banking activities.

2. They will work as a link between banks and the customers.

3. They will ascertain eligibility of rural people so that relief packages can be provided to them.

After the Subprime crisis which of the following problems has hit the global economy/world markets recently ?