Multiple choice

LAF in the context of RBI is Long Audit Form.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

LAF stands for Liquidity Adjustment Facility, a monetary policy tool used by RBI to manage daily liquidity fluctuations in the banking system through repo and reverse repo operations. It is NOT called Long Audit Form, which is not a standard RBI term.