Comprehension
On 21st December, 2022 the Reserve Bank of India has declared its monetary policy and as per the source https://rbidocs.rbi.org.in the extract of the the Minutes of the Monetary Policy Committee meeting has been given below.
December 5-07, 2022 (Under Section 45ZL of the Reserve Bank of India Act. 1934) The fortieth meeting of the Monetary Policy committee, constituted under Section 452B of Reserve Bank of India Act-1934, was held during December 5-7, 2022. The Committee decided to increase the lending rate by 35 basis points to 6.25 percent with immediate effects. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.
On the basis of this article answer the question.
December 5-07, 2022 (Under Section 45ZL of the Reserve Bank of India Act. 1934) The fortieth meeting of the Monetary Policy committee, constituted under Section 452B of Reserve Bank of India Act-1934, was held during December 5-7, 2022. The Committee decided to increase the lending rate by 35 basis points to 6.25 percent with immediate effects. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.
On the basis of this article answer the question.
Question: 1
Identify the name of the monetary measure, which has been changed in the fortieth meeting of the Monetary Policy Committee during 5th to 7th December 2022 as mentioned in the above passage.
Identify the name of the monetary measure, which has been changed in the fortieth meeting of the Monetary Policy Committee during 5th to 7th December 2022 as mentioned in the above passage.
Updated On: Apr 2, 2026
- Cash Reserve Ratio
- Statutory Liquidity Ratio
- Repo Rate
- Reverse Repo Rate
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The Correct Option is C
Solution and Explanation
The correct option is (C): Repo Rate
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Question: 2
Identify the alternative name of Repo Rate.
Identify the alternative name of Repo Rate.
Updated On: Apr 2, 2026
- Resale agreement rate
- Repurchase agreement rate
- Inward borrowing rate
- Reverse repo rate
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The Correct Option is B
Solution and Explanation
The correct option is (B): Repurchase agreement rate
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Question: 3
Identify the function of Central Bank which has been performed in the situation as mentioned in the passage given above.
Identify the function of Central Bank which has been performed in the situation as mentioned in the passage given above.
Updated On: Apr 2, 2026
- Banker to the Government
- Banker to the Banks
- Custodian of foreign exchange reserves
- Stabilising the economy disturbances
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The Correct Option is D
Solution and Explanation
The correct option is (D): Stabilising the economy disturbances
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Question: 4
Identify the qualitative tool to be used by Central Bank to control the credit situation in the economy.
Identify the qualitative tool to be used by Central Bank to control the credit situation in the economy.
Updated On: Apr 2, 2026
- Open Market Operation
- Margin Requirements
- Statutory Liquidity Rate
- Repurchase Agreement Rate
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The Correct Option is B
Solution and Explanation
The correct option is (B): Margin Requirements
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Question: 5
Under this measure of Monetary policy the commercial banks are required to maintain a certain percentage of deposits with themselves as reserves. Identify the name of the monetary tool.
Under this measure of Monetary policy the commercial banks are required to maintain a certain percentage of deposits with themselves as reserves. Identify the name of the monetary tool.
Updated On: Apr 2, 2026
- Open Market Operation
- Statutory Liquidity Ratio
- Cash Reserve Ratio
- Margin Requirement
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The Correct Option is C
Solution and Explanation
The correct option is (C): Cash Reserve Ratio
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