For which of the following reasons RBI has decided to undertake mid-quarter policy reviews?begin{enumerate}item Bank Rate and Repo Rateitem Reverse Repo Rateitem CRR and SLRend{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

For which of the following reasons RBI has decided to undertake mid-quarter policy reviews?

A	Only 1
B	Only 2
C	Only 3
D	All the above

Explanation:

Detailed explanation-1: -The correct answer is price stability. Key Points Monetary Policy: Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.

Detailed explanation-2: -The Bank Rate is published under Section 49 of the RBI Act, 1934. This rate has been aligned with the MSF rate and, changes automatically as and when the MSF rate changes alongside policy repo rate changes.

Detailed explanation-3: -The amended Act states the role of the RBI in monetary policy as follows: “the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth”. 8.

There is 1 question to complete.