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With reference to the recent Monetary Policy Committee (MPC), consider the following statements:
1. The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative.
2. Reverse repo rate will also remain unchanged at 4 percent.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the recent Monetary Policy Committee (MPC), consider...
The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative.
  • While announcing the Bi-monthly Policy, RBI Governor Shaktikant Das said, Marginal Standing Facility (MSF) rate and bank rate will remain unchanged at 4.25 percent.
  • Reverse repo rate will also remain unchanged at 3.35 percent.
  • He said that the projection for real Gross Domestic Product (GDP) growth is retained at 9.5 percent in 2021-22, consisting of 6.6 percent in the third quarter and six percent in the fourth quarter. He pointed out that the real GDP growth is projected at 17.2 percent for Q1 of 2022-23 and at 7.8 percent for Q2 of 2022-23.
  • The Consumer Price Index (CPI) inflation is projected at 5.3 percent in 2021-22, which consists of 5.1per cent in Q3, and 5.7 percent in Q4 with risk broadly balanced.
  • Mr. Das also informed that RBI is planning to launch Unified Payment Interface (UPI)-based payment products for feature phone users in order to further deepen digital payments and make them more inclusive.
  • The Central Bank will also enhance the transaction limit for payments through UPI for the Retail Direct Scheme for investment in G-secs and Initial Public Offering (IPO) applications from two lakh to five lakh rupees.
Hence only statement 1 is correct.
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With reference to the recent Monetary Policy Committee (MPC), consider the following statements:1. The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative.2. Reverse repo rate will also remain unchanged at 4 percent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the recent Monetary Policy Committee (MPC), consider the following statements:1. The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative.2. Reverse repo rate will also remain unchanged at 4 percent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the recent Monetary Policy Committee (MPC), consider the following statements:1. The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative.2. Reverse repo rate will also remain unchanged at 4 percent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the recent Monetary Policy Committee (MPC), consider the following statements:1. The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative.2. Reverse repo rate will also remain unchanged at 4 percent.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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