Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.9)

9. 

Operation twist is a move of which bank to buy and sell government securities?

[A]. RBI
[B]. SBI
[C]. HDFC
[D]. BoB

Answer: Option A

Explanation:

On December 23, 2019, the Reserve Bank of India will buy and sell government securities of Rs 10,000 crores under a special Open Market Operation. Such moves are implemented by the federal bank in order to bring down the interest rates of long-term securities. This time RBI has named its move as "Operation Twist".

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