RBI’s ₹7 Lakh Crore 30-Day Auction Was Conducted Under Which Instrument? | Current Affairs MCQ

Which monetary instrument did the Reserve Bank of India (RBI) use for its ₹7 lakh crore, 30-day auction to absorb surplus liquidity from the inter-bank system?

✅ Correct Answer: Variable Rate Reverse Repo (VRRR)

In this important Current Affairs MCQ, learn about the RBI’s liquidity management operation and the role of the Variable Rate Reverse Repo auction in absorbing excess liquidity from the banking system.

The RBI announced a ₹7 trillion 30-day variable rate reverse repo auction as part of its efforts to manage the large liquidity surplus in the banking system. :contentReference[oaicite:0]{index=0}

📚 IN THIS QUESTION:

• Reserve Bank of India (RBI)
• Variable Rate Reverse Repo (VRRR)
• 30-Day Auction
• ₹7 Lakh Crore Liquidity Operation
• Surplus Liquidity
• Inter-Bank System
• Monetary Policy
• Liquidity Management
• Banking & Financial Awareness
• RBI Current Affairs

🎯 USEFUL FOR:

• UPSC
• SSC CGL
• SSC CHSL
• SSC GD
• Banking Exams
• IBPS PO & Clerk
• SBI PO & Clerk
• RBI Exams
• Railway Exams
• RRB NTPC
• NDA
• CDS
• AFCAT
• CAPF
• State PCS
• Defence Exams
• Other Government Exams

📌 QUICK REVISION:

₹7 Lakh Crore → 30-Day Auction → Variable Rate Reverse Repo (VRRR) → RBI → Absorption of Surplus Liquidity

Watch, learn and revise this important Banking & Economy Current Affairs question for your upcoming competitive examinations.

🔔 Follow Prabh Kirpa Classes for Daily Current Affairs, Important MCQs, Banking Awareness, Economy Updates and Competitive Exam Preparation.

#CurrentAffairs #RBI #VRRR #BankingCurrentAffairs #EconomyCurrentAffairs #RBIUpdates #BankingAwareness #CurrentAffairs2026 #UPSC #SSC #BankingExams #CompetitiveExams #PrabhKirpaClasses