Question :

RBI has hiked the policy repo rate by how much much basis points?

A) 30 basis points
B) 35 basis points
C) 40 basis points
D) 45 basis points

Answer : C

Description :

The Reserve Bank of India (RBI) in a sudden move on May 4, 2022 increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect. This was decided unanimously by the Monetary Policy Committee (MPC) in an off-cycle meeting to reassess the evolving inflation-growth dynamics and the impact of the developments after the MPC meeting of April 6-8, 2022. With this, the standing deposit facility (SDF) rate stands adjusted to 4.15 percent and marginal standing facility (MSF) rate and the Bank Rate to 4.65 percent. 

Related Questions - 1

Legendary Musician Pandit Shivkumar Sharma was credited for popularising which instrument among the general public?

A) Santoor
B) Sitar
C) Sarod
D) Tambura

View Answer

Related Questions - 2

When is International Museum Day observed?

A) May 15th
B) May 16th
C) May 17th
D) May 18th

View Answer

Related Questions - 3

Which state/ UT is hosting India's first Lavender Festival here?

A) Sikkim
B) Arunachal Pradesh
C) Jammu and Kashmir
D) Meghalaya

View Answer

Related Questions - 4

Which country reported its first-ever case of COVID-19 on May 12, 2022?

A) North Korea
B) South Korea
C) Taiwan
D) New Zealand

View Answer

Related Questions - 5

Pieter Elbers has been appointed as the CEO of which airline company?

A) IndiGo
B) Vistara
C) Air India
D) SpiceJet

View Answer