2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
SBI
|
|
|
RBI
|
|
|
HDFC
|
|
|
Axis
|
Detailed explanation-1: -RBI to pay record Rs 28,000 crore as interim dividend to government | Business News,The Indian Express.
Detailed explanation-2: -NEW DELHI: The Reserve Bank of India (RBI) will pay Rs 28,000 crore as interim dividend to the government, which will help the Centre meet its revised budget estimates that include an allocation for the first-ever income transfer to farmers and burnish its fiscal credentials ahead of the general elections.
Detailed explanation-3: -What is an interim dividend? The surplus transfer is generally done in early August, after the completion of the bank’s July-June accounting year.
Detailed explanation-4: -The central bank pays dividends to the government every year from the surplus it generates from market operations, investments and printing of currency.