Important Points: 1. According to RBI lifespan of the polymer or Plastic notes is 5 years four times that of paper banknotes means paper bank notes have a lifespan of 1 year. 2. Reserve Bank of India projected a GDP growth for 2013-14 at 5.7%. 3. Governor of RBI: D.Subbarao till sep 4 after that "Raghuram Rajan" takes charge as RBI Governor for 3 years, and will be the 23rd Governor . Deputy Governor of RBI: 1. Dr. K.C. Chakarabarty 2. Urjit Patel (replaced Subir Gokran) 3. Anand Sinha 4. HR Khan 4. Increase in net RBI credit for central government represents: Monetised deficit. 5. Participatory Notes (PNs) are associated with: Foreign Institutional Investors. 6. Headquarter of RBI (Reserve Bank of India) : Mumbai 7. Recently RBI announced to launch 10 plastic notes in 5 cities: Kochi, Mysore, Jaipur, Bhubhaneshwar and Shimla. 8. Under RBI guidelines under Scheme A, RBI gives the approval to establishes a minimum of 1000 White Label ATMs (WLAs).in first year to any Non Banking Finance company. 9. RBI Sign first Currency Swap Agreement with Royal Monetary Authority of Bhutan with valid for a period of 3 years. 10. RBI generally reviews the Monetary policy for every 3 months. 11. RBI was set up on the recommendations of – Hilton Young Commission. 12. Monetary policy is a tool with RBI to regulate to regulate the interest rate and money supply expansion that prevail in the economy. 13. Certificates of deposit (CDs) are short-term borrowings in the form of Promissory Notes having a maturity of not less than 7 days up to a maximum of one year. 14. Commercial Papers are short term borrowings by Corporates, FIs, PDs, from Money Market. Issued subject to minimum of Rs 5 lakhs and in the multiples of Rs. 5 Lac. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.
Posted on: Wed, 14 Aug 2013 06:16:07 +0000
Trending Topics
Recently Viewed Topics
© 2015