CURRENT AFFAIRS

Detailed explanation-1: -Major reports released by the Reserve Bank, including the Annual Report, Report on Trend and Progress of Banking in India, the Monetary Policy Report, and the Financial Stability Report are issued as supplements to this monthly publication. This is a monthly four-page periodical useful at operational level bankers.

Detailed explanation-2: -Your Aadhaar Card, Driving License, Voters’ Identity Card, Passport or NREGA card-serves as both, proof of identity and proof of address.

Detailed explanation-3: -The Monetary Policy Committee The MPC determines the policy repo rate required to achieve the inflation target. The MPC is required to meet at least four times in a year.

Detailed explanation-4: -Two Volumes of the Bank’s history have been published so far. The First Volume covered the period from inception upto 1950 and was published by the Reserve Bank of India in 1970.