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      Question

      Which committee is responsible for deciding the Repo

      Rate in India?
      A Financial Stability and Development Council (FSDC) Correct Answer Incorrect Answer
      B Monetary Policy Committee (MPC) Correct Answer Incorrect Answer
      C Banking Regulation Committee (BRC) Correct Answer Incorrect Answer
      D Reserve Bank of India Board (RBIB) Correct Answer Incorrect Answer
      E Financial Market Committee (FMC) Correct Answer Incorrect Answer

      Solution

      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.

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