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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 143 of 200

Q143
Indian EconomyMoney, Banking & Financial Institutions
Which of the following fixes the Repo Rate and the Reverse Repo Rate in India?
  1. a.Ministry of Finance
  2. b.Reserve Bank of India
  3. c.Comptroller and Auditor General of India
  4. d.State Bank of India

Answer: (B) Reserve Bank of India

The repo and reverse repo rates are policy rates set by the Reserve Bank of India, now through its Monetary Policy Committee. The Finance Ministry, CAG and SBI do not set them.

Q142 Whole paperQ144