Question
The Reserve Bank of India (RBI) would discontinue the
incremental cash reserve ratio (I-CRR) requirement imposed on banks and return the seized funds in phases.Which of the following facts is/are correct about I-CRR? I.The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system. II.During the August review of the monetary policy, the RBI mandated all banks to maintain an I-CRR of 15 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023, and July 28, 2023. III.Ā Out of the total I-CRR maintained, 25 per cent will be disbursed on September 9, another 25 per cent on September 23, and the remaining on October 7.Solution
The I-CRR was introduced on August 10, 2023, by the RBI to absorb the surplus liquidity generated by various factors, including the return of Rs 2,000 notes to the banking system. Ā The Reserve Bank of India (RBI) would discontinue the incremental cash reserve ratio (I-CRR) requirement imposed on banks and return the seized funds in phases.Out of the total I-CRR maintained, 25 per cent will be disbursed on September 9, another 25 per cent on September 23, and the remaining on October 7. It was estimated that around Rs 1 trillion worth of liquidity was heldĀ due to the I- CRR requirement.Ā During the August review of the monetary policy, the RBI mandated all scheduled banks to maintain an I-CRR of 10 percent on the increase in their net demand and time liabilities (NDTL).
Which of the following does not falls in the category of revenue expenditure?
The Pradhan Mantri Gram Sadak Yojana (PMGSY) was launched in ___________.
When the Reserve Bank of India announces an increase of the Cash Reserve Rate, what does it mean?Ā
The term āMoney Supplyā relates to:
Consider the following statements with reference to the PM-SVANidhi -
I.The scheme was announced as a part of the Economic Stimulus-II under the ...
Which of the following statements best describes/ describe the term āCore Banking Solutionsā?Ā
1. It is a networking of a bankās branches ...
Consider the following statements about the Bureau of Pharma PSUs of India (BPPI):
1. It is the implementing agency of Pradhan Mantri Bhartiya Ja...
The Foreign exchange reserve consists of
Consider the following statements.
Assertion (A): Real GDP provides a better picture of the economy than nominal GDP.
Reason (R): Real G...
What is the primary objective of the Open Network for Digital Commerce (ONDC)?