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)

Practice Next

More RBI Questions

Following are the functions of the Reserve Bank of India (RBI) except?
Who was named Director of the Prime Minister’s Museum & Library in the June 2025?
Which technology is NOT mentioned as a focus in the Maharashtra Logistics Policy 2024?
What was the specific reason RBI imposed a penalty of ₹31.80 lakh on Bank of Maharashtra?
Which denomination notes will be introduced as plastic currency in India?
International Birds Festival is to be held in Dudhwa National Park. It is in the state of:
As per Union Budget 2025-26, what is the total outlay proposed for the Nuclear Energy Mission aimed at Small Modular Reactors (SMRs)?
Which organization has NPCI incorporated as a wholly-owned subsidiary?
In MUDRA Bank, what does MUDRA stands for -
Where is the Head Quarter of Asian Clearing Union (ACU)?

Relevant for Exams:

RBI Grade B
IBPS RRB Scale 2
RBI Grade B DEPR
RBI Grade B DSIM

Hey! Ask a query

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

Detailed Solution

More RBI Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login