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The Reserve Bank of India (RBI) has relaxed norms to increase the number of days that a State/UT can continue to overdraft to how many days (from 14 days)?
  • a)
    33 days
  • b)
    21 days
  • c)
    18 days
  • d)
    24 days
  • e)
    30 days
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The Reserve Bank of India (RBI) has relaxed norms to increase the numb...
The Reserve Bank of India (RBI) has decided to increase the number of days that a State/UT can continue to overdraft to 21 working days from the current stipulation of 14 working days as they are facing cash flow mismatches due to coronavirus.
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The Reserve Bank of India (RBI) has relaxed norms to increase the number of days that a State/UT can continue to overdraft to how many days (from 14 days)?a)33 daysb)21 daysc)18 daysd)24 dayse)30 daysCorrect answer is option 'B'. Can you explain this answer?
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