Question
Elephant Bonds were proposed to be issued to recover
undisclosed offshore income of people, funds from which would be used for infrastructure. What is the maturity of such bonds?Solution
Elephant Bonds are the 25-year sovereign bonds in which people declaring undisclosed income will be bound to invest 50 per cent. The fund, made from these bonds, will be utilized only for infrastructure projects. It is like an Amnesty scheme to help State treasury raising tax revenues, adding beneficiaries in tax base who have not declared their assets previously
Which of the following is/are key policy rates used by RBI to influence interest rates?
A).Bank Rate and Repo Rate
B).Reverse Repo Rate
C).CRR and SLR
The demand for bank notes is estimated by the Reserve Bank of India (RBI) using which of the following statistics?
Who regulates ‘Commodities Derivatives Market’ in India?Â
Which electronic funds transfer system in India is available 24/7 throughout the year, including on holidays also?
Which of the following is the 8 digit code and extended upto 11 digits?
Which of the following does not issue Global Depository Receipt?
Minimum amount required to start a Small Finance Banks?Â
Nationalisation of 14 banks happened in the year:
Which bank works as a Lead Bank in the district?
Varada Grameen Bank is the Rural Bank named after a __________________ ?
