Discussion
The Reserve Bank of India will transfer its surplus profit of 65,896 crore rupees to the Centre. This amount is ___ percent higher than previous year.
Answer: C
Correct answer: 25%
The transfer of ₹65,896 crore was about 25 per cent above the preceding year's ₹52,679 crore.
The RBI's surplus arises chiefly from the return on its holdings of domestic and foreign securities, less its expenditure and the provisions it makes for contingencies and currency revaluation. Because it is a substantial receipt for the Centre, the size of the transfer and the level of the reserves retained have been a recurring subject of debate between the Bank and the government.
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