Current Affairs · Banking and Financial Sector Initiatives
With reference to the Benchmark Issuance Strategy (BIS) introduced by the Reserve Bank of India (RBI) for state market borrowings, which statement is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a strategy aimed at consolidating debt into benchmark tenors to enhance market transparency and liquidity in State Development Loans (SDLs).✓
- 2It mandates all states to borrow their entire annual deficit through a single unified auction.
- 3It is an initiative allowing state governments to raise funds directly from foreign capital markets.
- 4It eliminates the standard competitive auction mechanism for State Development Loans.
Correct answer
It is a strategy aimed at consolidating debt into benchmark tenors to enhance market transparency and liquidity in State Development Loans (SDLs).
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