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Market Stabilisation Scheme, an instrument for monetary management, was introduced in which of the following years?
- a)1999
- b)2004
- c)2001
- d)2009
- e)None of the above/More than one of the above
Correct answer is option 'B'. Can you explain this answer?
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Market Stabilisation Scheme, an instrument for monetary management, wa...
- Market Stabilisation Scheme, an instrument for monetary management, was introduced in 2004.
IMPORTANT FACTS:
- MSS (Market Stabilisation Scheme) securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity.
- The MSS scheme was launched in April 2004 to strengthen the RBI's ability to conduct exchange rate and monetary management.
- The bills/bonds issued under MSS have all the attributes of the existing treasury bills and dated securities.
- The timing of issuance, amount, and tenure of such securities will be decided by the RBI.
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Community Answer
Market Stabilisation Scheme, an instrument for monetary management, wa...
- Market Stabilisation Scheme, an instrument for monetary management, was introduced in 2004.
IMPORTANT FACTS:
- MSS (Market Stabilisation Scheme) securities are issued with the objective of providing the RBI with a stock of securities with which it can intervene in the market for managing liquidity.
- The MSS scheme was launched in April 2004 to strengthen the RBI's ability to conduct exchange rate and monetary management.
- The bills/bonds issued under MSS have all the attributes of the existing treasury bills and dated securities.
- The timing of issuance, amount, and tenure of such securities will be decided by the RBI.
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Market Stabilisation Scheme, an instrument for monetary management, was introduced in which of the following years?a)1999b)2004c)2001d)2009e)None of the above/More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?
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