Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.21)

21. 

RBI has decided to extend the enhanced borrowing facility provided to banks till which date to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus epidemic?

[A]. November 30, 2020
[B]. December 30, 2020
[C]. October 30, 2020
[D]. September 30, 2020

Answer: Option D

Explanation:

In exercise of power conferred under the Section 24 of the Banking Regulation Act, 1949, India's central bank, the Reserve Bank of India (RBI) has decided to extend the enhanced borrowing facility provided to banks till September 30, 2020 to meet the liquidity shortage in the midst of the economic crisis caused by the coronavirus (COVID-19) epidemic.

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