LAF stands for:
ALoan Approval Facility
BLiquidity Access Fund
CLiquidity Adjustment Facility
DLiability Adjustment Facility
Answer & Solution
Correct answer: C. Liquidity Adjustment Facility
1. The question asks: LAF stands for.
2. Correct answer: Liquidity Adjustment Facility.
3. LAF is RBI's repo and reverse-repo liquidity management tool.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), Abbreviations_