Multiple Choice Questions on With reference to monetary policy in India which of the following statements is not correct ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

With reference to monetary policy in India which of the following statements is not correct ........

Economic Affairs Money Supply and Monetary Policy
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    With reference to monetary policy in India, which of the following statements is not correct?

    Monetary policy is handled by the Reserve Bank of India

    Incorrect Answer

    Consumer Price Index-combined is used as a tool to decide the interest rates

    Incorrect Answer

    The reverse repo and Marginal Standing Facility rates are in gap of 100 basis points with repo rate

    Correct Answer

    Inflation control is the major objective

    Incorrect Answer
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    Explanation:

    In the first monetary policy of new fiscal year 2017-18, the Monetary Policy Committee of RBI has reduced the gap of repo and reverse repo to 25 bps from existing 50 bps. The MSF rate is fixed 25 bps above the repo rate.

    By: Kritika Kaushal
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