Current Affairs - National - Discussion

Discussion :: National - Latest Current Affairs (Q.No.1060)

1060. 

Government has ceased the 7.75% Savings Bonds scheme commonly known as RBI Bonds or GOI bonds for subscription due to the declining interest rates. Where is the headquarters of RBI?

[A]. Mumbai
[B]. Delhi
[C]. Nagpur
[D]. Chennai

Answer: Option A

Explanation:

Government has ceased the 7.75% Savings (Taxable) Bonds scheme commonly known as RBI Bonds or GOI bonds for subscription due to the declining interest rates as RBI has lowered the short-term repo rate which is currently at 4%.

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