Question

    In the context of Indian economy, ‘Operation Twist'

    refers to?
    A purchase and sale of government securities by the RBI Correct Answer Incorrect Answer
    B Central bank uses the proceeds to buy long-term government debt papers, leading to the easing of interest rates on the long-term papers. Correct Answer Incorrect Answer
    C borrowing by RBI from the Schedule banks Correct Answer Incorrect Answer
    D None of the above. Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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