2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The RBI cut its repo rate by 25 basis points to ______ in its first bi-monthly policy review of 2019-20.
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18 %
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12 %
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7.5 %
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6 %
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Explanation:
Detailed explanation-1: -Statement: In its first bi-monthly policy review, RBI has decided to cut the repo rate by 25 basis points and take measures to ease the liquidity constraints in the banking system.
Detailed explanation-2: -The policy repo rate was reduced by 35 bps to 5.40 per cent.
Detailed explanation-3: -The six-member Monetary Policy Committee (MPC) voted by a 4:2 majority to reduce the policy repo rate from 6.25 per cent to 6 per cent.
There is 1 question to complete.