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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. According to the report of United Nations' World Economic Situation and Prospects (WESP) 2019, what will be the growth rate of India for in 2019-20?

    • Options
    • A. 7.6%
    • B. 7.5%
    • C. 7.4%
    • D. 7.8%
    • Discuss
    • 2. Which country attends OIC Meet for 1st Time in Abu Dhabi?

    • Options
    • A. Brazil
    • B. Germany
    • C. Singapore
    • D. India
    • Discuss
    • 3. Name the world's rarest giant softshell turtle that passed away in Suzhou Zoo,China.

    • Options
    • A. Yangtze
    • B. Iberian
    • C. Coahuilan
    • D. Alpaca
    • Discuss
    • 4. Name the initiative launched by Microsoft to preserve traditional weaving forms in India.

    • Options
    • A. Weavedraft
    • B. WeaveIt
    • C. Antaran
    • D. ReWeave
    • Discuss
    • 5. Recently with which state governemet Renault Nissan settles tax dispute?

    • Options
    • A. Tamil Nadu
    • B. Kerala
    • C. Andra Pradesh
    • D. Haryana
    • Discuss
    • 6. Name the author of the book titled 'The Ocean at the End of the Lane' who was recently appointed as UNHCR Goodwill Ambassador.

    • Options
    • A. Salman Rushdie
    • B. Douglas Adams
    • C. Julian Barnes
    • D. Neil Gaiman
    • Discuss
    • 7. The book "The man who could never say No" has been authored by whom?

    • Options
    • A. N N Saxena
    • B. Vikram Seth
    • C. S Muthiah
    • D. Gopalkrishna Gandhi
    • Discuss
    • 8. Which movie has won the Best Film award in the 64th National Awards-2017?

    • Options
    • A. Rustom
    • B. Ventilator
    • C. Kasaav
    • D. Neerja
    • Discuss
    • 9. Which of the following initiation of the Rotary Club of Madras North provides sanitary napkins to the students?

    • Options
    • A. Project Suvidha
    • B. Project Puthuyugam
    • C. Project Sangini
    • D. Project Kannamma
    • Discuss
    • 10. Which team won the Women's World Twenty20 title?

    • Options
    • A. West Indies
    • B. Australia
    • C. England
    • D. New Zealand
    • Discuss


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