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  • Question
  • The first Asia-Pacific (APAC) central bank to begin interest rate easing cycle is;


  • Options
  • A. Central Bank of Sri Lanka
  • B. Bangladesh Bank
  • C. People's Bank of China
  • D. Reserve Bank of India

  • Correct Answer
  • Reserve Bank of India 

    Explanation
    Fitch Ratings has recently said in its APAC sovereign credit overview report that the Reserve Bank of India (RBI) is the first Asia-Pacific (APAC) central bank to begin interest rate easing cycle by cutting the policy rate back-to-back in the last two monetary policy reviews in 2019. The Monetary Policy Committee (MPC), headed by RBI Govenor Shaktikanta Das, cut rates in February and April, citing prospects of benign inflation. In the four months of 2019, the RBI has cut policy interest rates twice twice by 0.25% each to one-year low of 6%. Earlier in April 2019, Fitch Ratings kept India's rating unchanged for the 13th time in a row at BBB- , which is the lowest investment grade, along with a stable outlook. The agency cited various challenges faced by the country such as high public debt, weak financial sector and lagging structural reforms.

  • More questions

    • 1. The name of the joint venture that was announced between Bombay Stock Exchange (BSE) and S&P Dow Jones is?

    • Options
    • A. Asia Index
    • B. BSE index
    • C. BSE and S&P Index
    • D. S&P Jones Index
    • Discuss
    • 2. The two-day WTO ministerial meeting was held in ___________.

    • Options
    • A. New Delhi
    • B. Kolkata
    • C. Mumbai
    • D. Chennai
    • Discuss
    • 3. Which team wins Arjan Singh Memorial International hockey tournament?

    • Options
    • A. SCR Hyderabad
    • B. ICF Chennai
    • C. Air Force team, Bangladesh
    • D. Sri Lankan Air Force
    • Discuss
    • 4. The Ministry of Civil Aviation introduced a technological facility for air passengers. It is named as;

    • Options
    • A. DigiYatra
    • B. Blockchain Technology
    • C. Digishala
    • D. Chatbot
    • Discuss
    • 5. For which company, the European Union fined $5 Billion for abusing the dominance of its Android mobile operating system?

    • Options
    • A. Samsung
    • B. Microsoft
    • C. Apple
    • D. Google
    • Discuss
    • 6. Where did the 33rd edition of IND-INDO CORPAT inagurated?

    • Options
    • A. Visakhapatnam Port
    • B. V.O.Chidambaranar Port
    • C. Port Blair
    • D. Mormugao Port
    • Discuss
    • 7. Who raise 173 cr from Belgium's Advent Management?

    • Options
    • A. Unacademy
    • B. HealthKart
    • C. Shuttl
    • D. Amazon
    • Discuss
    • 8. What is the following is the first Indian Ship between India and Bangladesh?

    • Options
    • A. Goa Bengal
    • B. Chilika Bengal
    • C. Brahmaputra Bengal
    • D. R V Bengal Ganga
    • Discuss
    • 9. 2018 Military Literature Festival was held in __________.

    • Options
    • A. Pune
    • B. Hyderabad
    • C. New Delhi
    • D. Chandigarh
    • Discuss
    • 10. Where was the Indian Navy's missile destroyer, INS Ranjit decommissioned recently?

    • Options
    • A. Visakhapatnam, Andhra Pradesh
    • B. Mumbai, Maharashtra
    • C. Chennai, Tamil Nadu
    • D. Balasore, Odisha
    • Discuss


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