2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Israel
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Turkey
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Russia
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Greece
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Detailed explanation-1: -The Reserve Bank of India’s (RBI) Board approved a sharply lower surplus transfer of ₹30, 307 crore to the government for the accounting year 2021-22, the lowest in 10 years. This is in sharp contrast to the surplus transfer of ₹99, 122 crore for nine months ended March 31, 2021 (July 2020-March 2021).
Detailed explanation-2: -MUMBAI: The Reserve Bank of India (RBI) was second only to Turkey in terms of reserves transferred to the government as a percentage of gross domestic product (GDP) for the fiscal year 2020-21.
Detailed explanation-3: -The act mandates that profits made by the central bank from its operations be sent to the Centre. As the manager of its finances, every year the RBI also pays a dividend to the government to help with the finances from its surplus or profit.
Detailed explanation-4: -The ratio of real GFCF to GDP surged to 32.0 per cent in 2021-22 from 30.5 per cent in 2020-21, reflecting a revival of investment sentiments. GFCF registered an acceleration of 14.6 per cent in 2021-22, on the back of a favourable base effect.