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Question : 15 of 100
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Solution:
The term Zero hour is NOT used in the banking field.
Zero Hour is a term used in Parliament.
- Zero Hour is the time when Members of Parliament can raise Issues regarding the urgent public importance.
- With prior notice to the Speaker , members can raise issues of importance during this time.
- It is not mentioned in the rules of procedure.
- Starts immediately after the question hours.
- It starts at around 12 noon.
- The maximum time limit of Zero Hour is one hour.
Repo rate is the rate at which banks borrow money from the Reserve Bank of India.
Collateralis a pledge by a borrower to a lender for a specific property to secure repayment of a loan.
An interest rate swap involves the exchange of interest rates between two parties.
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