Which of the following is/are correct regarding Market Stabilisation Scheme (MSS)?

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

Market Stabilisation Scheme (MSS) was introduced in April 2004.

TuteeHUB · Answer

It is an agreement between Government of India and Reserve Bank of India to issue government securities

TuteeHUB · Answer

Government securities issued under MSS are used to absorb rupee liquidity created by capital flows of an enduring nature

TuteeHUB · Answer

The proceeds under the MSS were parked in a separate deposit account maintained by the Government with the Reserve Bank

1.	Which of the following is/are correct regarding Market Stabilisation Scheme (MSS)?
A.	Market Stabilisation Scheme (MSS) was introduced in April 2004.
B.	It is an agreement between Government of India and Reserve Bank of India to issue government securities
C.	Government securities issued under MSS are used to absorb rupee liquidity created by capital flows of an enduring nature
D.	The proceeds under the MSS were parked in a separate deposit account maintained by the Government with the Reserve Bank
Answer» E.

Discussion