Comprehension
The central bank doesn‘t disclose its foreign exchange management strategy, but it was evident in the last few years that the rupee was not allowed to appreciate despite healthy inflows, resulting in a rapid build-up of foreign exchange. From a low of $275 billion in September of 2013, when rupee came under severe pressure due to so-called 'taper tantrums‘ by the US Federal Reserve, India now has record foreign exchange reserves of [1] billion, as on 21 August — a 95 per cent rise over seven years. Despite the Covid-19 pandemic, the foreign exchange kitty swelled by $62 billion since March. In this seven-year period, rupee ended the year with an appreciation against the dollar only once — in 2017. This year, the rupee is so far down by 2.04 per cent against the dollar. The latest RBI statement suggested that it is not uncomfortable with the appreciation in rupee, confirming the speculation among currency analysts that a departure was made in the exchange management policy.
The Reserve Bank of India (RBI) said that it will conduct liquidity operations worth Rs 20,000 crore in two tranches through sale and purchase of government securities (G-Secs). The two open market operations (OMOs) of Rs 10,000 crore each will be conducted on September 10 and 17, the central bank said in an official release. This is now the second such announcement in as many weeks. Last week, RBI had announced sale and purchase of G Secs worth Rs 20,000 crore, in two tranches, slated to be conducted on August 27 and September 3. In another move, RBI announced the infusion of Rs 1 lakh crore in mid September through long-term repo operations (LTROs) at floating rates, or the prevailing repo rate. Moreover, the central bank also gave an option to lenders who have earlier availed funds through LTROs, to reverse their transactions before maturity.
The Reserve Bank of India (RBI) said that it will conduct liquidity operations worth Rs 20,000 crore in two tranches through sale and purchase of government securities (G-Secs). The two open market operations (OMOs) of Rs 10,000 crore each will be conducted on September 10 and 17, the central bank said in an official release. This is now the second such announcement in as many weeks. Last week, RBI had announced sale and purchase of G Secs worth Rs 20,000 crore, in two tranches, slated to be conducted on August 27 and September 3. In another move, RBI announced the infusion of Rs 1 lakh crore in mid September through long-term repo operations (LTROs) at floating rates, or the prevailing repo rate. Moreover, the central bank also gave an option to lenders who have earlier availed funds through LTROs, to reverse their transactions before maturity.
Question: 1
Which of the following has been replaced by [1] in the above passage ?
Which of the following has been replaced by [1] in the above passage ?
Updated On: Jul 9, 2024
- $ 537
- $ 498
- $ 502
- $ 756
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The Correct Option is A
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The correct option is (A) :$ 537.
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Question: 2
Which of the following economic policies have been recently used by the RBI to boost the economy during the current Pandemic situation ?
Which of the following economic policies have been recently used by the RBI to boost the economy during the current Pandemic situation ?
Updated On: Jul 18, 2024
- FOREX SWAP
- LTROs (Long Term Repo Operations)
- OMOs (Open Market Operations)
- All of the above.
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The Correct Option is D
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The correct option is (D) :All of the above.
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Question: 3
Which of the following statements relate to the Long Term Repo Operations as measure to support the economy in corona pandemic situations ?
Which of the following statements relate to the Long Term Repo Operations as measure to support the economy in corona pandemic situations ?
Updated On: Jul 17, 2024
- It is a measure that is expected to bring down short-term rates and also boost investment in corporate bonds.
- It would encourage banks to undertake maturity transformation smoothly and seamlessly so as to augment credit flows to productive sectors.
- It will enhance liquidity in the banking system by Rs 1 trillion.
- All of the above.
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The Correct Option is D
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The correct option is (D) :All of the above.
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Question: 4
Which of the following will be used as a platform for core banking solutions to implement the LTRO ?
Which of the following will be used as a platform for core banking solutions to implement the LTRO ?
Updated On: Jul 17, 2024
- E-cartel
- E-kuber
- E-CBS
- E-RBICBS
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The Correct Option is B
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The correct option is (B) :E-kuber.
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Question: 5
What is the notified amount of sum offered by the RBI under measures of the Foreign Exchange Swap ?
What is the notified amount of sum offered by the RBI under measures of the Foreign Exchange Swap ?
Updated On: Aug 4, 2024
- $ 5 billion
- $ 16.71 billion
- $ 16.21 billion
- $ 5.02 billion
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The Correct Option is A
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The correct option is (A) :$ 5 billion.
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[Extracted from the article of Press Information Bureau, published by the Union Home Ministry on 2nd November 2019]- CLAT - 2025
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- From a very early age, I knew that when I grew up, I should be a writer. I had the lonely child's habit of making up stories and holding conversations with imaginary persons, and I think from the very start my literary ambitions were mixed up with the feeling of being isolated and undervalued. I knew that I had a facility with words and a power of facing unpleasant facts, and I felt that this created a sort of private world in which I could get my own back for my failure in everyday life. I wanted to write enormous naturalistic novels with unhappy endings, full of detailed descriptions and arresting similes, and also full of purple passages in which words were used partly for the sake of their sound. I give all this background information because I do not think one can assess a writer's motives without knowing something of his early development.
His subject-matter will be determined by the age he lives in — at least this is true in tumultuous, revolutionary ages like our own — but before he ever begins to write he will have acquired an emotional attitude from which he will never completely escape. It is his job to discipline his temperament, but if he escapes from his early influences altogether, he will have killed his impulse to write. I think there are four great motives for writing, at any rate for writing prose. They are: (i) Sheer egoism: Desire to seem clever, to be talked about, to be remembered after death, to get your own back on grown-ups who snubbed you in childhood; (ii) Aesthetic enthusiasm: Desire to share an experience which one feels is valuable and ought not to be missed (iii) Historical impulse: Desire to see things as they are, to find out true facts and store them up for the use of posterity (iv) Political purpose: Desire to push the world in a certain direction, to alter other people's idea of the kind of society that they should strive after.
[Extracted with edits from George Orwell's "Why I Write"]- CLAT - 2025
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- The right kind of education consists in understanding the child as he is without imposing upon him an ideal of what we think he should be. To enclose him in the framework of an ideal is to encourage him to conform, which breeds fear and produces in him a constant conflict between what he is and what he should be: and all inward conflicts have their outward manifestations in society. If the parent loves the child, he observes him, he studies his tendencies, his moods, and peculiarities. It is only when one feels no love for the child that one imposes upon him an ideal, for then one's ambitions are trying to fulfill themselves in him, wanting him to become this or that. If one loves, not the ideal but the child, then there is a possibility of helping him to understand himself as he is.
Ideals are a convenient escape, and the teacher who follows them is incapable of understanding his students and dealing with them intelligently; for him, the future ideal, the what should be, is far more important than the present child. The pursuit of an ideal excludes love, and without love no human problem can be solved. If the teacher is of the right kind, he will not depend on a method, but will study each individual pupil. In our relationship with children and young people, we are not dealing with mechanical devices that can be quickly repaired, but with living beings who are impressionable, volatile, sensitive, afraid, affectionate: and to deal with them, we have to have great understanding, the strength of patience and love. When we lack these, we look to quick and easy remedies and hope for marvellous and automatic results. If we are unaware, mechanical in our attitudes and actions, we fight shy of any demand upon us that is disturbing and that cannot be met by an automatic response, and this is one of our major difficulties in education.
(Extract with edits from "The right kind of Education" by J. Krishna Murti)- CLAT - 2025
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There is only one method of attaining knowledge. It is by concentration. The very essence of education is concentration of mind. From the lowest to the highest man, all have to use the same method to attain knowledge. The chemist who works in the laboratory concentrates on elements to analyze them. Knowledge is acquired by concentration.
[Extracted with edits from "Education" by Swami Vivekananda]- CLAT - 2025
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(Extracted with edits from "An Astrologer's Day" by R.K. Narayan)- CLAT - 2025
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The International Olympic Committee and French officials managed strict security measures in place. Yet the recent history of violence in France - including the 2015 terror attack in Paris that left 138 people dead and at least 416 injured - stalked public consciousness prior to the games. The geopolitical backdrop for the Paris Games was no less troubling. The war between Israel and Hamas which had crossed the six-month mark, raised fears of a protracted conflict and wider regional instability. The devastation in the Gaza Strip has provoked international outrage, isolating Israel on the global stage. Meanwhile, Russia continues to gain ground in its military offensive against Ukraine as some Western nations worry about the rise of authoritarianism. These international crises raised serious concerns that could come into play during the Games in the form of protests and other political demonstrations.
Nevertheless, Olympics organizers put up a show that stunned the throngs assembled on the boulevards of Paris, not to mention the millions of people who watched the Games unfold on their televisions and mobile devices. At the Paris 2024 Olympics, India secured a total of six medals; one silver and five bronze which was one down from the highest haul of medals from the previous Olympics. Neeraj Chopra earned a silver in men's javelin with an 89.45 throw, narrowly missing gold to Pakistan's Arshad Nadeem. Shooter Manu Bhaker made history by clinching bronze in the women's 10'm air pistol, becoming the first Indian woman to win a medal in Olympic shooting. The men's hockey team achieved a second consecutive bronze, defeating Spain 2-1, with captain Harmanpreet Singh scoring both goals.
(Extracted, with edits and revision, from "The Olympics are nearly here. For a weary world, they can't come soon enough", NBCNEWS)- CLAT - 2025
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