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WBCS Preliminary Examination 2017 — General Studies · Question 141 of 200

Q141
Indian EconomyMoney, Banking & Financial Institutions
In India the Repo rate is announced by
  1. a.the Ministry of Finance, Government of India
  2. b.the Prime Minister of India
  3. c.the Reserve Bank of India
  4. d.the President of India

Answer: (C) the Reserve Bank of India

The Repo rate, the key policy interest rate used to manage liquidity and inflation, is set by the Reserve Bank of India's Monetary Policy Committee.

Q140 Whole paperQ142