New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The new monetary Policy tool introduced by RBI this

    year in place of Reverse Repo was recommended earlier by which committee?
    A Dr Raghuram Rajan Committee Correct Answer Incorrect Answer
    B Dr Urijit Patel Committee Correct Answer Incorrect Answer
    C Dr C Rangarajan Committee Correct Answer Incorrect Answer
    D Dr Viral Acharaya Committee Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The SDF as a liquidity management instrument was recommended by the ‘Expert Committee to Revise and Strengthen the Monetary Policy Framework’ (Chairman Urjit R Patel) in January 2014. In 2018, the Section 17 of the RBI Act, 1934, was amended to empower the RBI to introduce this instrument, which has now been launched in 2022

    Practice Next