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1 mark

Which organisation fixes the repo rate in India?

  1. A
    NITI Aayog
  2. B
    Securities and Exchange Board of India
  3. C
    Reserve Bank of India
  4. D
    Ministry of Finance

Solution & Step-by-step Explanation

The Repo Rate is determined by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI). It is the rate at which the central bank of India lends money to commercial banks in the event of any shortfall of funds.

Practice this question

Try it yourself before checking the explanation above.

Which organisation fixes the repo rate in India?
A
NITI Aayog
B
Securities and Exchange Board of India
C
Reserve Bank of India
D
Ministry of Finance

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BankingEconomyMonetary Policy

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