Question
What is the primary function of the Standing Deposit Facility (SD
- F ?
Solution
The Standing Deposit Facility (SDF) allows the RBI to absorb excess liquidity from the banking system without requiring the banks to provide collateral. This is a tool used to manage liquidity in the economy.
More Monthly Quiz General Awareness Questions
- When did the Hayli Gubbi volcano in Ethiopia erupt after 12,000 years of dormancy?
- Which city was ranked as the costliest city for international workers in Mercer’s 2024 cost of living data?
- Which company recently became the first manufacturer to receive the GreenPro ecolabel for its 'Automotive Steel' products?
- According to the 'India State of Forest Report, 2021', what percentage of the country's total geographical area is under forest cover?
- Which cultural figure from India is celebrated in Cuba, contributing to the cultural ties between the two nations?
- Who was appointed as the acting Chairperson of the National Human Rights Commission (NHRC) in June 2024?
- Which state government has launched a new project, ‘Sanjeevani” to ensure that livestock is provided quality treatment in a time-bound manner?
- Which Australian city has decided not to host the Commonwealth Games 2026?
- Who is the current Prime Minister of Guyana visiting India in February 2024?
- What is Open Market Sale Scheme (OMSS)?
Relevant for Exams:
