Read the following passage carefully and answer the questions given below. At the pinnacle of the global financial crisis in 2008 when liquidity crunch hit the Indian credit market, the then finance minister P. Chidambaram constituted a liquidity management committee _______ by the then finance sec

Read the following passage carefully and answer the questions given below.

At the pinnacle of the global financial crisis in 2008 when liquidity crunch hit the Indian credit market, the then finance minister P. Chidambaram constituted a liquidity management committee _______ by the then finance secretary Arun Ramanathan. The decision raised hands as liquidity management is a key function of the RBI. (One of the meetings of that committee was held in the head office of a public sector bank in Bandra-Kurla Complex in Mumbai.) 

An ‘annoyed and upset’ Duvvuri Subbarao,/(1) the then governor of RBI, /(2) calling up the finance minister to say that /(3) he would not participate /(4) in the meeting. Mr. Subbarao himself penned /(1) leading the Reserve Bank of India through /(2) the incident down in his memoir /(3)  five turbulent years./(4) — Who Moved My Interest Rate - /(5) 

The point is, even in such _______ economic circumstances, Mr. Chidambaram did not take specific policy-related issues to the RBI board. But now times have changed. In the last two board meetings of the central bank, /(1) specific issues such as bank capital, debt restructuring scheme, /(2) liquidity for non-banking finance companies and reviewing prompt corrective action framework, (3) apart from the economic capital framework, was discussed. /(4)

A statement issued by RBI after the November 19 board meeting, among other things, said, “The Board, while deciding to retain the CRAR at 9%, agreed to extend the transition period for implementing the last tranche of 0.625% under the Capital Conservation Buffer (CCB), by one year i.e. up to March 31, 2020.”

On the issue of debt recast scheme for /(1) the restructuring of stressed standard assets of MSMEs./(2) micro, medium and small enterprises, /(3) the board ‘advised’ that the RBI should consider a scheme for /(4)  On capital, it was clear that the decision was taken by the board. Clearly, the government wants the board to be more _______. However, the board has members from the corporate world who have a stake in the financial markets, which poses a serious conflict of interest.
The RBI board will discuss the issue of liquidity problems of NBFCs in the next board meeting on December 14, apart from governance issues, and corporate borrowers will be an obvious beneficiary if steps are taken to address the issue

Fill the blank in the following sentence with the most appropriate word.

The point is, even in such _______ economic circumstances, Mr. Chidambaram did not take specific policy-related issues to the RBI board.

1). Orderly
2). Reposing
3). Tranquil
4). Tumultuous

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (2+2)
Submit:

Other Questions

1. There are five statements present.One of them contains an error. Choose the incorrect sentence. A. China is argued to soon become the world's largest economy and to be making rapid progress in many areas. B. China has basically worked as a manufacturing location for foreign companies, as

2. Rearrange the following five sentences/ group of sentences (A). (B). (C). (D) and (E) in the proper sequence to form a meaningful paragraph: then answer the questions given below them.(A) ?My horns are my weapons,? said the deer. ?I?m sharpening them.?(B) Frightened by the deer?s sharpened horns, he

3. Read the given paragraphs carefully and answer the questions which follow each of these.We are living in the midst of a great chemical experiment, and some serious consequences are becoming apparent to scientists. More than two billion pounds of chemicals are spewed into the air each year which are

4. In each question, a sentence with two words/ groups of words printed in bold type are given. One of them or both may have certain error. You have to find out the correct word or group of words from among the three choices A, B or C given below each sentence which can replace the wrong word/group of words. if any, and makes the sentence grammatically correct. If the sentence is correct as It is, mark e: i.e. ?No Correction Required? as your answer.

5. In the following passage there are blanks, each of which has been numbered. These numbers are also printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate words in each case.Today, twenty-two years after the bank (1),

6. What is the antonym or opposite of word successor

7. What is the substitute of - One who is given to pleasures of flesh

8. Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Most societies agree that the drive to protect and nurture one's infant is a basic human trait. Yet infanticide—the killing of an infant at the hands of a

9. Improve the bracketed part of the sentence.The air hostess gave me a cup (which had) coffee.

10. Directions: In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words/ phrases are suggested, one of which fits the blank appropriately. Find out the appropriate word/ phrase in each case.There is a considerab