2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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Canara Bank
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State Bank of India
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Dena Bank
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Detailed explanation-1: -The Reserve Bank of India’s (RBI) 6-members Monetary Policy Committee (MPC) had met on 8th, 9th and 10th February 2022 and released its sixth bi-monthly monetary policy statement for FY22 (April 2021 – March 2022).
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. Delivering the bimonthly Monetary Policy Statement of the RBI through the RBI’s YouTube channel today, the Governor Dr.
Detailed explanation-3: -The MPC raised the repo rate for the 4th consecutive time by 50 basis points to 5.90% from 5.40%. Consequently, the Standing Deposit Facility (SDF) Rate adjusted to 5.65% from 5.15%; and Marginal Standing Facility (MSF) rate and Bank Rate to 6.15% from 5.65%. Domestic Economy: i.
Detailed explanation-4: -The committee meets bi-monthly or six times in a financial year.
Detailed explanation-5: -14. The next meeting of the MPC is scheduled during April 3, 5 and 6, 2023.