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rajiv

· started a discussion

· 1 Months ago

right option 22000 cr but solution 21000 cr

Question:

The Reserve Bank of India (RBI) and other commercial banks spend what amount every year on currency management operations?

Options:
A)

Rs. 15,000 Crore

B)

Rs. 20,000 Crore

C)

Rs. 21,000 Crore

D)

Rs. 22,000 Crore

E)

Rs. 25,000 Crore

Solution:

National Institution for Transforming India (NITI) Aayog CEO Amitabh Kant confirmed that the Reserve Bank of India (RBI) and other commercial banks spend Rs 21,000 crore every year on currency management operations. The major objective of the NITI Aayog is to increase the adoption and use of digital payments in India so that cash usage drops to 5-6 per cent of GDP.

Abhishek Nath

· commented

· 1 Months ago

21000. Thanks for letting us know

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