Q. What does G-SAP stand for?
Answer:
G Sec Acquisition Programme
Notes: The Reserve Bank of India (RBI) has announced its Second Tranche of Open Market Purchase of G Sec, under G-sec Acquisition Programme (G-SAP 1.0), for an amount of Rs.35,000 crore.
The suction is set to be conducted on 20th May 2021. Earlier, in the month of April, RBI conducted the first tranche of G-SAP 1.0 for a quantum of Rs.25,000 crore.