2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12, 000 cr
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10, 000 cr
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15, 000 cr
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24, 000 cr
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Detailed explanation-1: -The Reserve Bank of India (RBI) will transfer Rs 30,307 crore as surplus to the government for fiscal ended March 2022 down 69% from the Rs 99,126 crore in the year ended March 2021 and lower than the Rs 74,000 crore budgeted by the government for the current fiscal.
Detailed explanation-2: -The RBI Retail Direct Online Portal will facilitate the following: Buying Government securities through primary auctions (non-competitive segment only). Buying and selling Government securities in the secondary market. Buying and selling Sovereign Gold Bonds (SGBs) in the primary and secondary market.
Detailed explanation-3: -It peaked at 38.5 per cent in 1991 and has been reduced to less than a half (18 per cent as of March 2022) since the 1991 reforms. Banks have often maintained G-secs well above the statutory minimum, in line with their risk appetite and the evolving business cycle.
Detailed explanation-4: -1) During inflation , RBI buys government securities in the open market. 2) During deflation , RBI sells government securities in the open market.