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  • Question
  • What is the new Repo Rate revised by the six-member monetary policy committee chaired by RBI Governor Shaktikanta Das?


  • Options
  • A. 6.00%
  • B. 6.25%
  • C. 5.75%
  • D. 6.50%

  • Correct Answer
  • 6.00% 

    Explanation
    The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will cheer markets and investors and is the second consecutive rate cut by the RBI. It has also maintained the policy stance neutral and lowered the retail inflation and GDP forecasts. This is the second consecutive rate cut from RBI under new Governor Shaktikanta Das, after a rate cut in February 2019.

  • More questions

    • 1. Where did India's first natural Ice Cafe located?

    • Options
    • A. Himchal Pradesh
    • B. J&K
    • C. Sikkim
    • D. Arunachal Pradesh
    • Discuss
    • 2. ISRO Launches PSLV C-45 Carrying EMISAT with how many Nano satellite?

    • Options
    • A. 28
    • B. 12
    • C. 25
    • D. 32
    • Discuss
    • 3. The book "An Unsuitable Boy" is the autobiography of which Indian personality?

    • Options
    • A. Twinkle Khanna
    • B. Rishi Kapoor
    • C. Rahul Bose
    • D. Karan Johar
    • Discuss
    • 4. The Union Government has launched RUSA portal to act as a one-stop for States' Higher Education Plans. What does 'RUSA' stands for?

    • Options
    • A. Rashtriya Uchchatar Shiksha Abhiyan
    • B. Rashtriya Uttam Shiksha Abhiyan
    • C. Rashtriya Unmukht Shiksha Abhiyan
    • D. Rashtriya Unnatsheel Shiksha Abhiyan
    • Discuss
    • 5. The Ministry of Finance has started which series on Twitter to educate general public about the budgetary process?

    • Options
    • A. Know Budgetary Process
    • B. Know Your Economy
    • C. Know Your Budget
    • D. Know Making of Budget
    • Discuss
    • 6. Name the city which is choosed by Facebook as base for WhatsApp Pay as the centre for rolling WhatsApp Pay globally.

    • Options
    • A. Dubai
    • B. New York
    • C. London
    • D. Berlin
    • Discuss
    • 7. Who won the Man Booker International Prize recently?

    • Options
    • A. Amos Klausner
    • B. Leah Rabin
    • C. David Grossman
    • D. Eliyahu M. Goldratt
    • Discuss
    • 8. What state CM launched Mukhyamantri Anchal Amrit Yojana for anganwadi children?

    • Options
    • A. Uttarakhand
    • B. Rajasthan
    • C. Gujarat
    • D. Uttar Pradesh
    • Discuss
    • 9. Name the country which has agreed to strengthen economic co-operation with India.

    • Options
    • A. Japan
    • B. US
    • C. Netherland
    • D. Russia
    • Discuss
    • 10. Name the country which won the Sultan Azlan Shah Cup 2019.

    • Options
    • A. Malaysia
    • B. India
    • C. South Korea
    • D. Canada
    • Discuss


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