BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.50 percent
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5.75 percent
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6.75 percent
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6.25 percent
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Detailed explanation-1: -The central bank maintained its inflation forecast for FY 2023 at 6.7% while revised lower its economic growth to 6.8% from 7.0%.The central bank also raised both the standing deposit facility (SDF) rate and the marginal standing facility (MSF) rate by 35 bps to 6% and 6.5, respectively.
Detailed explanation-2: -Mumbai, 7 December 2022 Consequently, the standing deposit facility (SDF) rate stands adjusted to 6.00 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 per cent.
Detailed explanation-3: -On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 7, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points to 6.25 per cent with immediate effect.