UPSC Exam > UPSC Questions > With reference to the recent Monetary Policy ...
Start Learning for Free
With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:
1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).
2. National Automated Clearing House (NACH) to be available on all days of the week.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
With reference to the recent Monetary Policy Committee (MPC) statement...
The Monetary Policy Committee (MPC) at its meeting (June 4, 2021) decided to:
- Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent.
- Keep the reverse repo rate under the LAF unchanged at 3.35 per cent
- Keep the marginal standing facility (MSF) rate and the Bank Rate unchanged at 4.25 per cent.
Additional Measures announced by RBI to revive the economy
- On-Tap Liquidity Window for Contact-Intensive sectors:
- A separate liquidity window of Rs. 15,000 Crore is being opened till March 31, 2022 with tenures up to three years, at the repo rate.
- Under this scheme, Banks can give fresh lending support to Contact-Intensive sectors like hotels, restaurants, travel, rent-a-car service providers and saloons.
- Special Liquidity Facility of Rs. 16,000 Crore to SIDBI, for on-lending / refinancing through novel models and structures at Repo Rate, for a period of up to one year. This is to further support credit requirements of MSMEs, including those in credit-deficient and aspirational districts.
- Expansion of coverage of borrowers under Stress Resolution Framework 2.0, by enhancing maximum aggregate exposure threshold from Rs. 25 Crore to Rs. 50 Crore for MSMEs, non-MSME small businesses and loans to individuals for business purposes.
- Regional Rural Banks can now issue Certificates of Deposit (CDs). Further, all issuers of CDs will be permitted to buy back their CDs before maturity, subject to certain conditions. This will facilitate greater flexibility in liquidity management.
- National Automated Clearing House (NACH) to be available on all days of the week (currently available only on bank working days), effective from August 1, 2021. NACH is a popular and prominent mode of direct benefit transfer to large number of beneficiaries.
Hence only statement 2 is correct.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Top Courses for UPSCView all
With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to the recent Monetary Policy Committee (MPC) statement, consider the following statements:1. Regional Rural Banks cannot issue Certificates of Deposit (CDs).2. National Automated Clearing House (NACH) to be available on all days of the week.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup