New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Monetary Policy Committee (MPC) at its meeting in

    December 7, 202 decided to increase the Bank Rate to how much Basis point/percent?
    A 7.05% Correct Answer Incorrect Answer
    B 6.50 % Correct Answer Incorrect Answer
    C 7.00% Correct Answer Incorrect Answer
    D 7.50% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The RBI Monetary Policy Committee (MPC ) has hiked the repo rate by 25 basis points . The Standing Deposit Facility and Marginal Standing Facility have also been increased by 25 bps. The MPC has raised the repo rate by a total of 250 basis points since May 2022. 

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