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    Question

    The board of the Reserve Bank of India has approved ____

    of surplus transfer to the government for 2022-23 and has  maintained the contingency risk buffer 50 basis points higher at 6 percent for the year.
    A Rs.83,123 crore Correct Answer Incorrect Answer
    B Rs.84,498 crore Correct Answer Incorrect Answer
    C Rs.86,296 crore Correct Answer Incorrect Answer
    D Rs.87,416 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The board of the Reserve Bank of India has approved Rs 87,416 crore of surplus transfer to the government for 2022-23 and has  maintained the contingency risk buffer 50 basis points higher at 6 per cent for the year.The surplus is almost three times the amount in 2021-22 (Rs 30,307 crore), though the figures are not exactly comparable as 2021-22 was a nine-month accounting year for the RBI.

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