2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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E-Security
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E-Kuber
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E-Government
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E-Paisa
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Detailed explanation-1: -Auctions are conducted on the electronic platform called the E-Kuber, the Core Banking Solution (CBS) platform of RBI.
Detailed explanation-2: -The auction procedure followed by RBI is the commonly used multiple-price sealed-bid auction. The bidders electronically submit sealed competitive bids specifying the price they are willing to pay for a particular amount of debt security.
Detailed explanation-3: -Government securities in the form of GPN, bearer bond, stock and BLA are issued by RBI, while the Agency Banks are presently eligible to issue Relief/Savings Bonds in the form of BLA only.
Detailed explanation-4: -Open market operation (OMO) is the process by which the central bank purchases (sells) government securities (G-secs) or other financial assets from (to) banks and financial institutions. In a modern market-based financial system, central banks use OMOs as one of the tools for implementing monetary policy.
Detailed explanation-5: -E-kuber is the core banking solution of the Reserve Bank of India (RBI). Scheduled Urban Cooperative banks (UCBs), insurance companies, commercial banks who maintain securities accounts and current accounts with the RBI use the E-kuber platform.