Question
RBI’s Monetary Policy Committee (MPC) had decided
to increase the repo rate by how much basis points?Solution
Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to increase the repo rate by 50 basis points to 4.90% in a bid to slow inflation. The Standing Deposit Facility and Marginal Standing Facility rates raised by 50 basis points. The standing deposit facility (SDF) rate and marginal standing facility rate (MSFR) stood at 4.65 per cent and 5.15% respectively. GDP growth forecast for FY23 retained at 7.2%. Output was projected to expand by 16.2% in Q1, by 6.2% in Q2, 4.1% in Q3 and rise 4.0% in Q4. CPI inflation forecast for FY23 raised to 6.7 percent from 5.7%.
The committee recently deferred the decision followed a report of the International Union for Conservation of Nature.
President’s Rule in the state was the only option left before Cabinet, as the Government would not have been able to get adequate numbers for a vote o...
(A) the company reported a profit this quarter,Â
(B) expenses increased significantly,
 (C) leading to concerns about sustainability
...This question consists of a sentence that is divided into four parts numbered (1) to (4). Only one part of the sentence is not acceptable in standard w...
Scientists have created the world’s thinnest hologram that can be seen without 3D goggles and may be integrated into everyday electronics such as sma...
Behind the remain of the inside walls are the cloisters and dormitories, where weary monks lay their heads after a hard day at work and prayer.
this week since February 2018 / companies adding 18 oil rigs this week / U.S. energy firms added the most oil rigs / producers have been reducing spendi...
The following sentence has been split into four segments. Identify the segment that contains a grammatical error.
I had walked / for most of th...
The interviewer asked the candidate (a) / to what district (b) / he came from. (c) / No Error (d)Â
Around the same time, the political leadership to (A)/ the party raised the pitch with an MP (B)/making the demand in the repeal of Places of Worship (...