UPSC Exam  >  UPSC Questions  >  With reference to the Monetary Policy, consid... Start Learning for Free
With reference to the Monetary Policy, consider the following statements:
1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.
2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.
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 Monetary Policy, consider the following statemen...
With inflation remaining at ‘elevated levels’, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.
  • The MPC also said it would remain focused on “withdrawal of accommodation” to ensure that inflation remains within the target, while supporting growth.
  • The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 6.7% and 7.2%, respectively.
  • Consequently, the standing deposit facility (SDF) rate stands adjusted to 5.15%; and the marginal standing facility (MSF) rate and the Bank Rate to 5.65%.
  • The policy response to the unfolding economic situation would be ‘calibrated, measured and nimble’.
  • On the external sector, Mr. Das said the Current Account Deficit (CAD) would remain within manageable limits and the RBI had the ability to finance the CAD.
Hence only statement 1 is correct.
Explore Courses for UPSC exam

Top Courses for UPSC

With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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?
Question Description
With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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?.
Solutions for With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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?, a detailed solution for With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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? has been provided alongside types of With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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? theory, EduRev gives you an ample number of questions to practice With reference to the Monetary Policy, consider the following statements:1. Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points (bps) to 5.4%.2. The RBI retained its inflation and GDP growth projections for the current fiscal year ending in March 2023 at 9% and 11%, respectively.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? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev