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1 mark

In India, the Repo rate is announced by:

  1. A
    the Ministry of Finance, Government of India
  2. B
    the Prime Minister of India
  3. C
    the Reserve Bank of India
  4. D
    the president of India

Solution & Step-by-step Explanation

The Repo Rate (Repurchase Option Rate) is the benchmark policy interest rate at which the central bank lends short-term money to commercial banks. It is determined and announced periodically by the Monetary Policy Committee (MPC) under the Reserve Bank of India (RBI) to steer inflation and stabilize liquidity.

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In India, the Repo rate is announced by:
A
the Ministry of Finance, Government of India
B
the Prime Minister of India
C
the Reserve Bank of India
D
the president of India

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Monetary PolicyCentral BankingReserve Bank of India

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