Match the Reserve Bank of India (RBI) monetary policy tools and money supply aggregates in List I with their corresponding functional definitions in List II:
- Reserve Money ()Currency in circulation plus bankers' deposits with the RBI and 'other' deposits with the RBI
- Statutory Liquidity Ratio (SLR)Mandatory percentage of Net Demand and Time Liabilities (NDTL) that commercial banks must maintain in liquid assets like government securities, gold, or cash
- Standing Deposit Facility (SDF)Liquidity absorption tool that allows the RBI to absorb surplus liquidity from commercial banks without providing collateral
- Marginal Standing Facility (MSF)Penal rate window through which scheduled commercial banks borrow overnight money from the RBI against excess government securities
Cevap
Reserve Money () matches with Currency in circulation plus bankers' deposits with the RBI; Statutory Liquidity Ratio (SLR) matches with Mandatory percentage of NDTL maintained in liquid assets; Standing Deposit Facility (SDF) matches with Liquidity absorption tool without collateral; Marginal Standing Facility (MSF) matches with Penal rate window for overnight emergency borrowing.
Reserve Money () represents total high-powered money in the economy consisting of currency with the public, bankers' deposits with RBI, and other deposits. SLR requires banks to maintain a fixed percentage of NDTL in approved liquid assets like government bonds. SDF is the uncollateralized facility used by RBI to absorb surplus liquidity. MSF is the emergency borrowing window for banks operating at a penal rate above the repo rate.
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Anahtar Kavram
Monetary Policy Instruments and Money Supply Aggregates
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