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Bank Rate and Repo Rate

Which of the ...

Question

Which of the following schemes was launched by the RBI in 2004, under which Govt of India stated that Securities/Treasury Bills could be issued to absorb surplus/durable liquidity?

A

RTGS

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B

External Commercial Borrowing

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C

Market Stabilisation Scheme

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D

High value clearing scheme

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Solution

The correct option is C Market Stabilisation Scheme
Market Stabilisation Scheme was launched by the RBI in 2004, under which Government of India stated that Securities/Treasury Bills are issued to absorb surplus/durable liquidity. Market Stabilisation Scheme is a monetary policy of RBI. It is mainly introduced to remove excess liquidity by selling government securities.

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Which of the statements given above is/are correct?

निम्नलिखित कथनों पर विचार करें:
1. भारतीय रिज़र्व बैंक भारत सरकार की प्रतिभूतियों का प्रबंधन और देख-भाल करता है, लेकिन किसी राज्य सरकार के प्रतिभूति का नहीं।
2. ट्रेजरी बिल भारत सरकार द्वारा जारी किए जाते हैं और राज्य सरकारों द्वारा किसी प्रकार का ट्रेजरी बिल नहीं जारी किया जाता है।
3. ट्रेजरी बिल ऑफर सममूल्य पर छूट के रूप में जारी की जाती है।
ऊपर दिए गए कथनों में कौन सा/से सही है / हैं?

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