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easyMCQCompetitive Exam2026Economics
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 rate) is the benchmark interest rate at which the central bank of India lends money to commercial banks. It is reviewed and formally announced by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI).

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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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BankingMonetary PolicyReserve Bank of India

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