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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%.
Vegetables occupy about % of the total cultivated area.
Ferrous sulphate-heptahydrate contains:
Soil is a natural body composed of mineral and organic costituents, having definite genesis and a distinct nature of its own. Who amongst the following ...
In which type of epithelial tissue the absorption and secretion occur, as in the inner lining of the intestine?
Moisture content of soil at a point where the soil water mass flows under an applied force and fails to retain its shape is known as ___ ?
What is the purpose of outward sloping bench terraces?
A situation when all possible outcomes are known with probability is called as
If the gravimetric moisture content of soil is 25% and the bulk density is 1.5 g/cc, the volumetric moisture content is:
Which crop is associated with the fungal disease known as "Karnal bunt," which is caused by the fungus Tilletia indica and results in the discoloration...
Enzyme bromelain is present in which fruit: