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RBI to raise 80,000 crores through CMBs. CMB is abbreviated as Cash ________ Bills.
  • a)
    Market
  • b)
    Money
  • c)
    Management
  • d)
    Mutual
  • e)
    Medium
Correct answer is option 'C'. Can you explain this answer?
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RBI to raise 80,000 crores through CMBs. CMB is abbreviated as Cash __...
The Reserve Bank of India will raise Rs 80,000 crore by selling Cash Management Bills (CMBs) or shorter duration sovereign debt instruments as the government would be requiring money to meet immediate debt obligations amid coronavirus outbreak. Those securities will mature in the next 84 days on August 20, 2020.
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RBI to raise 80,000 crores through CMBs. CMB is abbreviated as Cash __...
C
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RBI to raise 80,000 crores through CMBs. CMB is abbreviated as Cash ________ Bills.a)Marketb)Moneyc)Managementd)Mutuale)MediumCorrect answer is option 'C'. Can you explain this answer?
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