Land Records GK Question Exam
Maharashtra Department of Land Records, Maharashtra Land Records GK Question Exam Pattern 2016 2017 and current Land Records GK Question for the posts of Stenographer Lower Grade Surveyor/ Clerk cum Typist and Peon some banking latest news which can be asked in Hindi or English in an examination
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1. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
Formulates implements and monitors the monetary policy.
Objective: maintaining price stability and ensuring adequate flow of credit to productive sectors.
3.Cash Reserve Ratio (CRR)
The share of net demand and time liabilities that banks must maintain as cash balance with the Reserve Bank.
4.Statutory Liquidity Ratio (SLR)
Statutory Liquidity Ratio (SLR) is a term used in the regulation of banking in India. It is the amount which a bank has to maintain in the form of cash, gold or approved securities balance in current account with other commercial bank. The quantum is specified as some percentage of the total demand and time liabilities of a bank. This percentage is fixed by the Reserve Bank of India. Presently the SLR is 23%.
The 23% is the minimum SLR (the statutory requirements to park their money in government bonds) limit the RBI can fix at present.
The objectives of SLR are 1) to restrict the expansion of bank credit 2) to augment the investment of the banks in Government securities and 3) to ensure solvency of banks.
5.Liquidity Adjustment Facility (LAF)
Consists of daily infusion or absorption of liquidity on a repurchase basis, through repo (liquidity injection) and reverse repo (liquidity absorption) auction operations, using government securities as collateral.
6.Open Market Operations (OMO)
Outright sales/purchases of government securities, in addition to LAF, as a tool to determine the level of liquidity over the medium term.
7.Market Stabilization Scheme (MSS)
This instrument for monetary management was introduced in 2004. Liquidity of a more enduring nature arising from large capital flows is absorbed through sale of short-dated government securities and treasury bills. The mobilized cash is held in a separate government account with the Reserve Bank.
8.Repo/Reverse Repo Rate
These rates under the Liquidity Adjustment Facility (LAF) determine the corridor for short-term money market interest rates. In turn, this is expected to trigger movement in other segments of the financial market and the real economy.
It is the rate at which the Reserve Bank is ready to buy or rediscount bills of exchange or other commercial papers. It also signals the medium-term stance of monetary policy.