2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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12.24 %
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12.54 %
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13.24 %
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13.54 %
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Detailed explanation-1: -Since August 2022, bank credit has been growing upwards of 15 per cent. In the fortnight ended July 29, 2022, credit growth stood at 14.5 per cent. According to a report by Crisil Ratings, higher growth in bank credit seen during the first half of fiscal 2023 is likely to moderate in the second half.
Detailed explanation-2: -As announced in the Third Bi-Monthly Monetary Policy Statement 2018-19 dated August 1, 2018, the Bank Rate stands adjusted by 25 basis points from 6.50 per cent to 6.75 per cent with immediate effect. 3.
Detailed explanation-3: -RBI pegs GDP growth at 6.8% for FY23, projects inflation to fall below 6% by March 2023. The Reserve Bank of India on Wednesday marginally lowered the country’s GDP growth projection for the current fiscal from 7% to 6.8%.
Detailed explanation-4: -Monetary Policy Committee voted unanimously to raise Bank Rate to 0.75% At its meeting ending on 1 August 2018, the MPC voted by 9-0 to increase Bank Rate by 0.25 percentage points, to 0.75%.