2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rupee.65, 000 crore
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Rupee.50, 000 crore
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Rupee.55, 000 crore
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Rupee.60, 000 crore
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Detailed explanation-1: -The act mandates that profits made by the central bank from its operations be sent to the Centre. As the manager of its finances, every year the RBI also pays a dividend to the government to help with the finances from its surplus or profit.
Detailed explanation-2: -The Reserve Bank of India’s (RBI) Board approved a sharply lower surplus transfer of ₹30,307 crore to the government for the accounting year 2021-22, the lowest in 10 years. This is in sharp contrast to the surplus transfer of ₹99,122 crore for nine months ended March 31, 2021 (July 2020-March 2021).
Detailed explanation-3: -RBI Approves Bimal Jalan Committee Recommendations On Economic Capital Framework - To Transfer Rs 1.76 Lakh Crore Surplus To The Government.
Detailed explanation-4: -The large payout can help the government cut back on planned borrowings and keep interest rates relatively low. Besides, it will provide space for private companies to raise money from markets. And if it manages to meet its revenue targets, the windfall gain can lead to a lower fiscal deficit.