New NABARD Grade A : How to prepare ESI for Prelims & Mains- Sources & Strategy
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Question

The new monetary Policy tool introduced by RBI this year in place of Reverse Repo was recommended earlier by which committee?

A Dr Raghuram Rajan Committee Correct Answer Incorrect Answer
B Dr Urijit Patel Committee Correct Answer Incorrect Answer
C Dr C Rangarajan Committee Correct Answer Incorrect Answer
D Dr Viral Acharaya Committee Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The SDF as a liquidity management instrument was recommended by the ‘Expert Committee to Revise and Strengthen the Monetary Policy Framework’ (Chairman Urjit R Patel) in January 2014. In 2018, the Section 17 of the RBI Act, 1934, was amended to empower the RBI to introduce this instrument, which has now been launched in 2022

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