LIC AAO Banking Awareness Quiz: 18th April

LIC AAO Banking Awareness Quiz: 18th April

  • :Fitch Ratings cut India's economic growth forecast for the current financial year starting 01st April 2019, to 6.8% from its previous estimate of 7%, on weaker than expected momentum in the economy.
  • The Reserve Bank of India (RBI) in consultation with the government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs 75000 crore.
  • As per the World Bank, India's GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 2019-2020, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption.
  • 7.8 lakh pieces 4.2 lakh pieces 5.3 lakh pieces 6.6 lakh pieces 15.9 lakh piecesSolution:The Reserve Bank of India came out with guidelines for banks to set up new currency chests, which include a minimum area of 1,500 square feet for strong room.

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