Yes Bank Bpo Sales Executive Interview Questions, Process, and Tips

Credit creation is the process by which banks create new money by lending out more than they hold in reserves.

• Banks create credit by lending out money that they don't actually have in their reserves

• This process increases the money supply in the economy

• The amount of credit that can be created is limited by the reserve requirement set by the central bank

• Credit creation is a key function of the banking system and helps to

There are several types of taxes, including income tax, sales tax, property tax, and excise tax.

• Income tax is a tax on the income earned by individuals and businesses.

• Sales tax is a tax on goods and services purchased by consumers.

• Property tax is a tax on real estate and other property owned by individuals and businesses.

• Excise tax is a tax on specific goods, such as gasoline, tobacco, and alcohol.

• Other types of taxes

Economic problems refer to issues that affect the production, distribution, and consumption of goods and services in an economy.

• Examples of economic problems include inflation, unemployment, poverty, and income inequality.

• These problems can be caused by factors such as government policies, market failures, and external shocks.

• Solutions to economic problems often involve a combination of policies such as monetary and fi...read more

PPC curve is a graphical representation of the relationship between price and quantity demanded.

• PPC stands for Price-Quantity Curve

• It shows the impact of price changes on the quantity demanded of a product

• The curve slopes downwards, indicating that as price increases, quantity demanded decreases

• It helps in determining the optimal price point for a product

• Example: A company can use PPC curve to decide the price of a new...read more

IC curve is a graph that shows the relationship between the price of a product and the quantity of the product that is demanded.

• IC curve stands for Indifference Curve.

• It is used in microeconomics to analyze consumer behavior.

• It shows the different combinations of two goods that a consumer is indifferent between.

• The slope of the IC curve represents the marginal rate of substitution between the two goods.

• The IC curve is ...read more

Demand refers to the quantity of a product or service that consumers are willing and able to purchase at a given price and time.

• Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.

• It is typically represented by a demand curve, which shows the relationship between price and quantity demanded.

• Demand can be elastic, meaning that changes in price have a signif...read more