2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The RBI has announced that it will purchase four government securities (G-Secs) of how much amount?
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Rs 20, 000 crores
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Rs 50, 000 crores
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Rs 30, 000 crores
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Rs 10, 000 crores
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Explanation:
Detailed explanation-1: -Though set up as a shareholders’ bank, the RBI has been fully owned by the Government of India since its nationalisation in 1949.
Detailed explanation-2: -Government Securities, popularly known as G-Sec Bonds, are debt instruments issued by the Central government to meet its fiscal needs. Like any other bond, you essentially lend money to the issuer when you buy it from them. The issuer could be a corporation or the central government.
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