Which is the Single Policy Rate to Unambiguously Signal the Stance of Monetary Policy as Recently Recommended by Rbi? - Current Affairs Including General Knowledge

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MCQ

Which is the single policy rate to unambiguously signal the stance of monetary policy as recently recommended by RBI? 

Options

  • PLR

  • Repo

  • Bank

  • CLR

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Solution

Repo

Explanation: Reserve Bank of India working group has proposed that the Repo Rate —the rate at which banks borrow money from the RBI be made the single policy rate to signal the monetary policy stance and effectively deal with inflation without hurting growth.

Concept: Economic Current Affair (Entrance Exam)
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2014-2015 (May) Set 1

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