Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 2119)

2017-05-04 Banking

2119.

Reserve Bank of India (RBI) and other commercial banks spend Rs ___________ crore every year on currency management operations.

22,000

21,000

25,000

18,000

Answer: Option

Explanation:

National Institution for Transforming India (NITI) Aayog CEO Amitabh Kant confirmed that the Reserve Bank of India (RBI) and other commercial banks spend Rs 21,000 crore every year on currency management operations. The objective of the NITI Aayog is to increase the adoption and use of digital payments in India.