What is the surplus transfer by the Reserve Bank of India (RBI) to the Government for 2021-22?
Answer with explanationAnswer: Option C
The Reserve Bank of India (RBI) will transfer Rs 30,307 crore as surplus to the government for 2021-22.
The decision was taken by the RBI board to maintain the contingency risk buffer at 5.50 percent of its balance sheet. This year’s transfer is lower than the surplus transferred in the previous financial year Rs 99,126 crore for a nine-month period ended March 2021.
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