UPSC Exam  >  UPSC Questions  >  With reference to the Reserve Bank of India (... Start Learning for Free
With reference to the Reserve Bank of India (RBI), consider the following statements:
1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.
2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.
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 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Reserve Bank of India (RBI), consider the follow...
The Reserve Bank of India (RBI) has approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.
  • The decision was taken after deciding to maintain the contingency risk buffer at 5.50 per cent of its balance sheet.
  • According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.
  • This year’s transfer is sharply lower than what the central bank had did in the previous financial year — Rs 99,126 crore.
Hence both statements are correct.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer?
Question Description
With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. 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 Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. 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 Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer?.
Solutions for With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. 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 Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer?, a detailed solution for With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer? has been provided alongside types of With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the Reserve Bank of India (RBI), consider the following statements:1. The Reserve Bank of India (RBI) has recently approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.2. According to the Bimal Jalan committee’s report, the RBI, at all times, has to maintain a minimum contingency risk buffer of 5.5 per cent.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 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev