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.
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.
the cross elasticity of demand is the percentage change in the quantity demanded of commodity X to the percentage change in the price of its substitute/complement Y