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Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1365)
2020-04-28 Banking
1365.
The Reserve Bank of India (RBI) announced how much liquidity support for Mutual Funds (MFs) on 27 April 2020?
Rs.10,000 crore
Rs.20,000 crore
Rs.50,000 crore
Rs.30,000 crore
Answer: Option
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.
Discussion:
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