Multiple Choice Questions on What does the letter lsquo L rsquo stands for in the term LAF commonly used in financial economic ne........... for IBPS(Clerical) Exam Preparation

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Multiple Choice Questions

What does the letter lsquo L rsquo stands for in the term LAF commonly used in financial economic ne...........

Current GK (IBPS-CL) Banking Awareness
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    What does the letter ‘L’ stands for in the term LAF commonly used in financial/economic news?

    Liquidity 

    Correct Answer

    Least

    Incorrect Answer

    Liabilities 

    Incorrect Answer

    Long

    Incorrect Answer

    Liquid

    Incorrect Answer
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    Explanation:

    Liquidity Adjustment Facility (LAF) was introduced by RBI during June, 2000 in phases, to ensure smooth transition and keeping pace with technological up gradation.
    Hence, option A is correct.

    By: Munesh Kumari
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