Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.151)

151. 

The Reserve Bank of India (RBI) announced how much liquidity support for Mutual Funds (MFs) on 27 April 2020?

[A]. Rs.10,000 crore
[B]. Rs.20,000 crore
[C]. Rs.50,000 crore
[D]. Rs.30,000 crore

Answer: Option C

Explanation:

The Reserve Bank of India (RBI) announced Rs.50,000 crore liquidity support for Mutual Funds (MFs) on 27 April 2020. It approved the funds under the special liquidity facility scheme effective from 27 April. RBI's move comes after Franklin Templeton's decision to close 6 debt funds and put redemptions on hold indefinitely.

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.