RBI Surplus for FY’16
Q. The Reserve Bank of India will transfer how much surplus to the government for FY’16 as dividend?- Published on 13 Feb 17
a. Rs 68876 crore
b. Rs 65885 crore
c. Rs 75876 crore
d. Rs 65876 crore
ANSWER: Rs 65876 crore
The Reserve Bank of India will transfer Rs. 65876 crore as surplus to the government for FY’16, Rs 20 crore less that previous year’s Rs 65896 crore.
The surplus approved by the Reserve Bank of India board could be used to fund the centre’s fiscal deficit.