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RBI to Transfer Rs 99,122 cr. Surplus to the Central Gov. for FY21

Published on May 22, 2021
Current Context: The Reserve Bank of India (RBI) to transfer a surplus of Rs99,122 crore to the central government.
RBI to Transfer Rs 99,122 cr. Surplus to the Central Gov. for FY21
  • The decission for the same was taken in the 589th meeting of the Central Board of Directors of RBI.
  • At the meet, the officials reviewed the current economic situation, global and domestic challenges and recent policy measures which are to be taken by RBI to mitigate the economy of India which has affected due to the second wave of the COVID-19.
  • The funds are for the accounting period of nine months which ended on 31st March 2021 i.e. for July 2020 to March 2021.
  • The Contingency Risk Buffer will be maintained at 5.50%.
  • RBI has changed its accounting year to April-March, earlier it was June-July.

Question: 

Q.1 In May 2021, RBI announced to transfer a surplus of Rs ____ to the central government for FY21?
a. Rs 79,122 crore
b. Rs 99,122 crore
c. Rs 59,122 crore
d. Rs 69,122 crore
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