2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Order
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Detailed explanation-1: -The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008.
Detailed explanation-2: -The Reserve Bank on Monday said it has launched the next round of its order books, inventories and capacity utilisation survey (OBICUS) of manufacturing companies, results of which provide valuable inputs for monetary policy formulation.
Detailed explanation-3: -Capacity utilisation is the ratio of actual output to the potential output that can be produced under normal conditions.
Detailed explanation-4: -The Board is constituted by co-opting four Directors from the Central Board as Members and is chaired by the Governor. The Deputy Governors of the Reserve Bank are ex-officio members. One Deputy Governor, traditionally, the Deputy Governor in charge of supervision, is nominated as the Vice-Chairman of the Board.
Detailed explanation-5: -Objectives of the RBI The primary goals of the RBI according to the Preamble of the same are as follows. To regulate the issue of Banknotes. To secure monetary stability in the country. To meet the economic challenges by modernising the monetary policy framework.