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. 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. 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 held due to the I- CRR requirement. 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).
National Adaptation Fund for Climate Change (NAFCC) was initiated in 2015-16 to support adaptation activities in the States and Union Territories (UTs) ...
Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was launched on which year?
Monetary policy affects the ________ and ________.
Agriculture Infrastructure Fund (AIF) is a financing facility operational from the year 2020-21 to ____________ for the creation of post-harvest managem...
Who authority controls the Monetary Policy in India?
Scarcity of capital, unemployment and technological backwardness are generally found in ________ economies.
With a vision to make India an energy-independent nation, and to de-carbonise critical sectors, the Government approved the National Green Hydrogen Miss...
PPP stands for
What is true about Mixed Economy?
1) The mixed economy combines both the features of a socialist and capitalist economy.
2) An arguabl...
ICEGATE Platform is managed by _______________.