Current context: The Reserve Bank of India's (RBI) weekly statistical supplement released on 14th Feb 2020, showed that Indian banks' loans rose 7.1% in the two weeks to 31st January 2020 from a year earlier.
a. 6.9%
b. 7%
c. 7.1%
d. 7.9%
- It also showed that the deposits increased to 9.9%.
- In the fortnight to January 31, the outstanding loans rose Rs 989.26 billion ($13.86 billion) to Rs 101.03 trillion.
- Non-food credit rose Rs 1.02 trillion to Rs 100.24 trillion
- Food credit fell 32.02 billion rupees to Rs 788.99 billion
- Bank deposits rose Rs 1.98 trillion to Rs 133.24 trillion.
Question:
Q.1 The RBI weekly statistical supplement report released on 14th February 2020 showed that the Indian banks' loans rose _______ in the two weeks to 31st January 2020?a. 6.9%
b. 7%
c. 7.1%
d. 7.9%
