Page 51 - Banking Finance September 2018

RBI CIRCULAR

conversion rate announced by FBIL for the purpose of policy Repo rate under the Liquidity Adjustment Facility
converting foreign assets/liabilities for reporting in Form (LAF) by 25 basis points from 6.25 per cent to 6.50 per
'A' return and Form VIII return. The change is to cent with immediate effect.
brought into effect from the reporting fortnight ending 2. Consequent to the change in the Repo rate, the Reverse
July 20, 2018. Repo rate under the LAF stands adjusted to 6.25 per
4. As regards conversion of assets/liabilities in other cent with immediate effect.
currencies, for which reference rate is not available 3. All other terms and conditions of the extant LAF Scheme
from FBIL, banks may continue to use New York closing will remain unchanged.
rate pertaining to the day end of the Reporting Friday,
for converting such currencies into USD. Banks may use Yours sincerely
the reference rate of FBIL for USD/INR of the same day (Radha Shyam Ratho)
for conversion into INR. Chief General Manager

Yours faithfully, Banking Promotional Exam Sample Questions – Ans.
(Shrimohan Yadav)
1. 2] specially crossed to Dena Bank
Chief General Manager
2. 2] No criminal complaint can be filed as the cheque
was not issued for any discharge of liability
Standing Liquidity Facility for Primary
3. 2] not negotiable crossing
Dealers 4. 5] 1&4
RBI/2018-19/33 5. 3] 147
August 01, 2018 6. 4] NO LIMIT
7. 2] B only
1. In the Third Bi-monthly Monetary Policy Statement
8. 1] Exercise right of set off against the credit balance
2018-19 of the Monetary Policy Committee (MPC), the
and inform the court accordingly
repo rate under the Liquidity Adjustment Facility (LAF)
has been increased by 25 basis points to 6.50 per cent 9. 3] pass the cheque of account B and return the
from 6.25 per cent with immediate effect. cheque of Satish account
10. 4] will accept the stop payment instruction
2. Accordingly, the Standing Liquidity Facility provided to
11. 1] all branches
Primary Dealers (PDs) (collateralised liquidity support)
12. 7] 1 TO 6
from the Reserve Bank would be available at the
revised repo rate of 6.50 per cent with effect from 13. 2] Can be accepted
August 1, 2018. 14. 3] FDR (RE-INVES PLAN) only
15. 2] NRIs and resident Indians
Yours faithfully, 16. 4] USD 10000 OR its equivalent
(Janak Raj) 17. 2] The banks which are authorized to deal in
Principal Adviser Foreign Exchange by RBI
18. 4] A person can have both non resident as well as
Liquidity Adjustment Facility - Repo and resident account

Reverse Repo Rates 19. 2] no
20. 4] no limit
RBI/2018-2019/31
21. 1] 15 days
August 1, 2018
22. 5] all the above
23. 4] 1 &2
1. As announced in the Third Bi-monthly Monetary Policy
Statement, 2018-19 today, it has been decided by the 24. 4] to be decided by individual banks
Monetary Policy Committee (MPC) to increase the 25. 1] next day

BANKING FINANCE | SEPTEMBER | 2018 | 51