Q: 50 (IAS/2007)

Consider the following statements:
1. The repo rate is the rate at which other banks borrow from the Reserve Bank of India.
2. A value of 1 for Gini Coefficient in a country implies that there is perfectly equal income for everyone in its population.
Which of the statements given above is/are correct?
question_subject: 
Economics
question_year: 
2007
question_exam: 
IAS
question_sub_subject: 
General Economics
question_topic: 
Money, Banking and Public Finance
stats: 
0,2208,2256,2208,112,2016,128