What amount will be infused by Reserve Bank of India into the banking system?

1. 

What amount will be infused by Reserve Bank of India into the banking system?
[A]. Rs 5.74 lakh crore
[B]. Rs 8.74 lakh crore
[C]. Rs 13.74 lakh crore
[D]. Rs 3.74 lakh crore

Answer: Option D

Explanation:

Reserve Bank of India (RBI) declared an infusion of Rs 3.74 lakh crore into the banking system through three measures viz. targeted long-term repo operation (TLTRO), Cash Reserve Ratio (CRR) and marginal standing facility (MSF). The decision has been taken to tackle financial system stress raised due to the COVID-19 outbreak.

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