Question
In the context of Indian economy, which of the following
is/are the purpose/purposes of ‘Statutory Reserve Requirements’? 1. To enable the Central Bank to control the amount of advances the banks can create 2. To make the people’s deposits with banks safe and liquid 3. To prevent the commercial banks from making excessive profits 4. To force the banks to have sufficient vault cash to meet their day-to-day requirements Select the correct answer using the code given below.Solution
1 is definitely correct as CRR. SLR is used to control money supply and credit off take. 2 may or may not be correct, to make people's deposit safe, capital adequacy ratio is the norm. 3 is definitely wrong as to control excess profit, margins would have to be reduced, not CRR, SLR.
Recently RBI has launched which of the following 'SupTech' initiative, which is expected to make the supervisory processes more robust?
Recently Ministry of Micro, Small and Medium Enterprises (MSMEs) joins hands with which of the following IIT to facilitate the MSME Design Innovative Sc...
A startup known as SwiffyLabs a business-to-business (B2B) fintech company has been launched,backed by Jio Platforms is to help financial institutions l...
Recently which of the following organization has acquired a 5.6 per cent stake in the Union government's Open Network for Digital Commerce (ONDC) for Rs...
Which Indian state becomes the first to induct robotic Elephant for ritual duties in the country?
Which Indian initiative was launched as the world’s first government-funded multimodal Large Language Model (LLM) project in 2024?
The Atal Pension Yojana (APY) is a flagship social security initiative of the Government of India aimed at providing pension benefits to the unorganized...
In the Atal Pension Yojana (APY), the pension amounts are predetermined. Which of the following correctly describes how the pension amounts are structured?
How much financing did the World Bank approve to help India accelerate low carbon energy development in its second round?
In 2024, the government launched an internship portal as part of The Prime Minister’s Internship Scheme to bridge skill gaps among unemployable youth....
