Important Points for RBIexam: 1.According to RBI lifespan of the polymer or Plastic notes is5 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 at5.7%. 3. Governor of RBI: D.Subbarao 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:Monetiseddeficit. 5.ParticipatoryNotes (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.UnderRBI guidelines under Scheme A,RBI gives the approval to establishes a minimum of1000 White Label ATMs (WLAs).in firstyear to any Non Banking Financecompany. 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 every3 months. 11. RBI was set up on the recommendationsof –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 theform of Promissory Notes havinga 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 yearfrom the date of issue.
Posted on: Wed, 24 Jul 2013 07:01:32 +0000
Trending Topics
Recently Viewed Topics
© 2015