BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Which of the following rates/ratios is not covered under the RBI monetary and credit policy?

A	Bank rate
B	Exchange rate of foreign currencies
C	Repo rate
D	Reverse repo rate

Explanation:

Detailed explanation-1: -Deposit Rate Was this answer helpful?

Detailed explanation-2: -The current/ latest rates as per RBI Monetary Policy are: SLR 18.00%, CRR is 4.50%, MSF is 6.75%, Repo Rate is: 6.50%, Reverse Repo Rate is 3.35%, and Bank Rate 6.75%. New Policy Rates by RBI in Indian Banking (as on February 08, 2023):

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 (February 8, 2023) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.50 per cent with immediate effect.

Detailed explanation-4: -The RBI Act states monetary policy as the employment of financial instruments under its control to standardise magnitudes such as credit availability, interest rates, and money supply to attain the ultimate goal of economic policy.

There is 1 question to complete.