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    GK Today March 2020 (16-31) @@PDF4Exams-104

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    The document provides summaries of recent Reserve Bank of India actions including conducting open market operations to purchase government securities worth Rs. 10,000 crore to increase liquidity, extending authorization for Vakrangee to operate white label ATMs until March 2021, and the Asian Development Bank announcing a $6.5 billion package for its developing member countries to address the COVID-19 pandemic.

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    GK Today March 2020 (16-31) @@PDF4Exams-104

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    The document provides summaries of recent Reserve Bank of India actions including conducting open market operations to purchase government securities worth Rs. 10,000 crore to increase liquidity, extending authorization for Vakrangee to operate white label ATMs until March 2021, and the Asian Development Bank announcing a $6.5 billion package for its developing member countries to address the COVID-19 pandemic.

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    The document provides summaries of recent Reserve Bank of India actions including conducting open market operations to purchase government securities worth Rs. 10,000 crore to increase liquidity, extending authorization for Vakrangee to operate white label ATMs until March 2021, and the Asian Development Bank announcing a $6.5 billion package for its developing member countries to address the COVID-19 pandemic.

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    Download as pdf or txt
    13 views1 page

    GK Today March 2020 (16-31) @@PDF4Exams-104

    Uploaded by

    Pawan Sharma
    The document provides summaries of recent Reserve Bank of India actions including conducting open market operations to purchase government securities worth Rs. 10,000 crore to increase liquidity, extending authorization for Vakrangee to operate white label ATMs until March 2021, and the Asian Development Bank announcing a $6.5 billion package for its developing member countries to address the COVID-19 pandemic.

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    Current Affairs [PDF] - March 16-31, 2020

    [B] Open Market Operations


    [C] Overview of Market Operations
    [D] Overview of Money Operations
    Answer: Open Market Operations
    The Reserve Bank of India (RBI) is conducting Open Market Operations (OMO) in the form of purchase of
    Rs 10,000 crore worth government securities.
    This important step of the central bank has been announced at the backdrop of the increased risks of
    COVID-19 pandemic. The operation would increase the liquidity in the Indian economy and would help
    the financial market segments which are affected by the economic risks.
    56. The validity of authorization issued to which company was extended by the Reserve Bank of India till 31
    March 2021, to setup, own and operate the White Label ATMs?
    [A] Hitachi
    [B] State ATM
    [C] Tata Communications Payment Solutions
    [D] Vakrangee
    Answer: Vakrangee
    The Reserve Bank of India (RBI) has extended the validity of authorization issued to IT service
    management company Vakrangee, to setup, own and operate the White Label ATMs (WLA) in India.
    The validity of authorization has been extended till 31 March 2021. RBI has assigned a target of
    minimum 1,000 ATMS to be deployed by Vakrangee for three years starting from 2020, with the
    stipulated ratio in Metro & Urban, Semi-Urban and Rural regions.
    57. Which multi-national bank has announced a USD 6.5 billion package for its member countries to tackle
    the COVID-19 pandemic?
    [A] European Bank for Reconstruction and Development
    [B] African Development Bank
    [C] Asian Development Bank
    [D] Inter-American Development Bank
    Answer: Asian Development Bank
    Manila-based Asian Development Bank recently announced an initial package of $6.5 billion (equivalent
    to ₹48,230 crore) to cater the immediate needs of its developing member countries in fighting the
    Covid-19 pandemic.
    As per the announcement of the Development bank, out of the total package, $3.6 billion will be made
    available to governments for addressing health and economic consequences of the pandemic and $1.6
    billion for micro, small and medium enterprises, domestic and regional trade.
    58. Roger Mayweather, who recently passed away, was a World Champion and trainer in which sports?
    [A] Weight-lifting
    [B] Boxing
    [C] Wrestling
    [D] Chess
    Answer: Boxing
    Roger Mayweather, who passed away recently at the age of 58, was a two-time world champion turned
    trainer in boxing.
    He was also the uncle of the boxing star Floyd Mayweather, and trained him for most of the latter’s
    boxing career. Roger Mayweather had won world titles at super featherweight and super lightweight

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