📝 One-liners · 65 cards
Central Banking Syllabus Priority 2024
What is the primary mandate of the Reserve Bank of India as a central bank?
The primary mandate of RBI is to maintain monetary stability, manage currency, regulate the financial system, and act as banker to the government and commercial banks.
What is the primary tool used by RBI to absorb excess liquidity in the banking system?
Reverse Repo under Liquidity Adjustment Facility (LAF)
Which committee recommended the current monetary policy framework in India?
The Urjit Patel Committee (2014) recommended the adoption of a flexible inflation targeting framework, which was subsequently enshrined in the RBI Act via the 2016 amendment.
What is the Statutory Liquidity Ratio (SLR) and what assets qualify for its maintenance?
Minimum liquid assets (gold, cash, approved securities) banks must hold
🔒
Unlock 65 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Central Banking Syllabus Priority 2024.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days