Question : Who decides the Repo Rate in India?
Option 1: NITI Aayog
Option 2: RBI
Option 3: Ministry of Finance
Option 4: Parliament
Correct Answer: RBI
Solution : The correct answer is RBI.
The Repo Rate is determined every two months by the Monetary Policy Committee of the Reserve Bank of India.
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Question : The Planning Commission in India was replaced by which organization in 2015?
Option 2: Ministry of Finance
Option 3: Reserve Bank of India
Option 4: Ministry of Planning
Question : Economic Survey in India is published officially every year by the:
Option 1: Reserve Bank of India
Option 2: NITI Aayog
Option 4: Ministry of Commerce
Question : _____________is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks of the country.
Option 1: Reserve Repo Rate
Option 2: Base Rate
Option 3: Marginal Rate
Option 4: Repo Rate
Question : The organization responsible for estimating poverty in India is:
Option 3: Planning Commission (now NITI Aayog)
Option 4: Central Statistical Office
Question : The era of five-year plans began in India with the establishment of______.
Option 1: The NITI Aayog
Option 2: The Parliament
Option 3: The Finance Commission
Option 4: The Planning Commission
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