CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Reserve Bank of India (RBI) announced how much liquidity support for Mutual Funds (MFs) on 27 April 2020?
A
Rs.10, 000 crore
B
Rs.20, 000 crore
C
Rs.50, 000 crore
D
Rs.30, 000 crore
Explanation: 

Detailed explanation-1: -With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of ₹ 50, 000 crore. 3. Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate.

Detailed explanation-2: -On May 5, 2021, an on-tap liquidity window of ₹50, 000 crore at the repo rate with tenors of up to three years was announced to boost provision of immediate liquidity for ramping up COVID-19 related healthcare infrastructure and services in the country.

Detailed explanation-3: -The Reserve Bank of India (RBI) on Thursday proposed to extend the term-liquidity facility of Rs 50, 000 crore offered to emergency health services by three months till June 30, 2022.

Detailed explanation-4: -What are the Details of SLF-MF? Simply said, the funding announced by the RBI will first move to banks and then to mutual funds.

There is 1 question to complete.