Question
What is the full form of MPC that is entrusted with the
task of fixing the benchmark policy rate?Solution
The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016, to provide for a statutory and institutionalized framework for a Monetary Policy Committee, for maintaining price stability, while keeping in mind the objective of growth. The Monetary Policy Committee would be entrusted with the task of fixing the benchmark policy rate (repo rate) required to contain inflation within the specified target level.
Investment and savings are kept equal through changes in which of the following?Â
Which sector contributes the most to India's GDP?
What describes 'Disguised unemployment' accurately? Â
The annual rate of growth of GDP has been the lowest in which Five Year Plan?
Which of the following is not an investment expenditure in goods and services?
What is the minimum maturity period for which Commercial Paper (CP) can be issued?
What type of investment are Treasury Bills (T-bills)?
Which organization publishes the World Economic Outlook report.
The act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy back up to the long-term trend, fo...
During periods of inflation, tax rates shouldÂ
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