Question

Which committee is responsible for deciding the Repo Rate in India?

Q: Answer-Which committee is responsible for deciding the Repo Rate in India?

The Monetary Policy Committee MPC is responsible for setting the Repo Rate in India. It is a statutory and institutionalized framework under the Reserve Bank of India Act, 1934.

A Financial Stability and Development Council (FSDC)

B Monetary Policy Committee (MPC)

C Banking Regulation Committee (BRC)

D Reserve Bank of India Board (RBIB)

E Financial Market Committee (FMC)

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Which committee is responsible for deciding the Repo Rate in India?

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