2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.5%
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43.5%
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28.5%
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21%
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Detailed explanation-1: -Accordingly, the MPC decided to increase the policy repo rate by 50 basis points to 5.40 per cent. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
Detailed explanation-2: -The conduct of monetary policy in 2021-22 was guided by the objective of reviving and sustaining growth on a durable basis and continuing to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward.
Detailed explanation-3: -As announced in the Monetary Policy Statement 2022-23 dated December 07, 2022, the Bank Rate is revised upwards by 35 basis points from 6.15 per cent to 6.50 per cent with immediate effect.