BPSC 65th Re Prelims Exam 17 Feb 2020 Solved Paper

Question : 119 of 150

Marks: +1, -0

In August 2019, the Ministry of Finance, Government of India announced how much amount (in crores) to be invested to improve the liquidity and lending system of public sector banks.

₹ 30,000
$₹ 45,000$
₹ 70,000
₹ 80,000
None of the above/More than one above

Validate

Solution:

Finance Minister Nirmala Sitharaman, in the Budget 2019 speech, announced that the public sector banks (PSBs) will be provided with a capital infusion of

₹ 70,000

crore, giving a much-needed boost to the stressed banks who are under pressure owing to the rising NPAs.

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