2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
HDFC
|
|
|
SBI
|
|
|
RBI
|
|
|
Axis
|
Detailed explanation-1: -When the RBI wants to inject liquidity into economy, it may adopt the following: (1) Buy the government securities from the banks. (2) Enter into reserve repo operations. (3) Raise cash Reserve Ratio.
Detailed explanation-2: -RBI recently switched to an April-March fiscal from July-to-June, and the payment this time around is for a nine-month period. The central bank pays dividends to the government every year from the surplus it generates from market operations, investments and printing of currency.
Detailed explanation-3: -Does the RBI pay tax on these earnings or profits? No. The Section 48 (Exemption of Bank from income-tax and super-tax) of the RBI Act, 1934 provides exemption from paying income-tax or any other tax.