Home › IBPS Clerk › Banking Awareness › Monetary Policy › Non-government provident funds must invest what …
Non-government provident funds must invest what share of accretions in G-Secs?
A30 per cent
B50 per cent
C40 per cent
D20 per cent
Answer & Solution
Correct answer: C. 40 per cent
1. The rule took effect from January 2005.
2. It covers superannuation and gratuity funds too.
3. The share is 40 per cent of incremental accretions.
_Source: RBI, FAQs on the Government Securities Market in India_
Related questions
The Monetary Policy Report is published once in every:Minutes of an MPC meeting are published on which day after the meeting?Outright purchase or sale of government securities by RBI to manage durable liquidity is cCRR is maintained as a percent of a bank's:The Bank Rate is the penal rate for shortfalls in maintaining:The ceiling of the LAF corridor is the:The MSF rate sits how far above the policy repo rate?Banks can borrow overnight from RBI by dipping into their SLR up to 2 percent under the: