New Student Offer - HELLO

Join Here

RBI Bank Board Agreed to the Payment of 30,307 cr to the Government

Published on May 21, 2022
Current Context: Recently RBI bank board approved the transfer of a 30,307cr surplus to the government.
  • This is considered to be a big relief to the government as the dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.
  • RBI has decided to maintain the contingency risk buffer at 5.50%
  • Last year in May 2021 RBI transferred a 99,122 cr surplus to the government for the total period of nine months starting from July 2020 to March 2021.
  • Apart from that RBI’s Monetary Policy Committee (MPC), estimated that the GDP growth rate for Financial Year 2022-23 would be 7.2%.
  • In addition to that, the growth forecast for FY23 has lowered to 7.2% from 7.8%.
  • Apart from that, the bank board also reviewed the current economic situation, and global and domestic challenges planning to come up with better policy rates.

Question:

Ques: 1. How much amount of surplus has been agreed by RBI to Transfer to the government for FY22?
A. 99,122Cr
B. 30,307Cr
C. 22,143Cr
D. 10,125Cr
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu