New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What was the cumulative policy repo rate hike between

    May 2022 and February 2023, as mentioned in the Economic Survey 2023-24?
    A 200 basis points Correct Answer Incorrect Answer
    B 250 basis points Correct Answer Incorrect Answer
    C 300 basis points Correct Answer Incorrect Answer
    D 350 basis points Correct Answer Incorrect Answer
    E 150 basis points Correct Answer Incorrect Answer

    Solution

    The Economic Survey 2023-24 highlights that the Monetary Policy Committee (MPC) raised the policy repo rate by 250 basis points between May 2022 and February 2023 to control inflation.

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