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    Question

    According to the recent meeting of Monetary Policy

    Committee in February 2023, Repo Rate hiked by how much basis points?
    A 20 Correct Answer Incorrect Answer
    B 25 Correct Answer Incorrect Answer
    C 30 Correct Answer Incorrect Answer
    D 35 Correct Answer Incorrect Answer
    E 40 Correct Answer Incorrect Answer

    Solution

    Repo Rate hiked by 25 basis points to 6.50 per cent. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted to increase the policy repo rate by 25 basis points. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted against the repo rate hike.

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