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RBI Pegs state govt market borrowing for July-Sept at Rs 2.1 trillion

Published on July 02, 2022
Current Context: As per RBI data borrowing by state governments in July-September has been pegged at Rs 2.12 trillion rupees.
RBI Pegs state govt market borrowing for July-Sept at Rs 2.1 trillion
  • Apart from that state governments also did a market borrowing worth Rs 1.90 trillion in April-June.
  • State governments increase their borrowing in the second half of the year as the Centre tends to borrow less during that period.
  • RBI to ensure that the state bond auctions are conducted in a non-disruptive manner taking into account market conditions.
  • Apart from that, the Centre announced a record-high gross market borrowing program of Rs 14.95 trillion.
  • The central bank will also aim for the state government borrowings to be distributed evenly throughout the quarter.

Question:

Q.1 As per RBI data borrowing by state governments has been pegged at _________ trillion rupees for July-September?
a. 2.12 trillion
b. 3.15 trillion
c. 1.52 trillion
d. 2.25 trillion

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