6 years ago in Yearly Current Affairs of 2013

The reserve bank of India on January 29, 2013 slashed its key interest rates by 0.25 per cent and released Rs. 18000 crore additional liquidity into the system to perk up growth through reduced cost of borrowing.Which of the following statements in context of the same if true.

RBI in its third quarter monetary policy review surprised the market by cutting rate short term lending rate called repo,by 0.25 per cent to 7.75 per cent

The Cash Reserve Ration was slashed to 4 per cent.

The repo rate cut will increase the cost of borrowing for individuals and corporate whereas the reduction in CRR, which if the portion of deposits that banks have to park with RBI would improve availability of funds

The stance of monetary policy in this review is intended to provide an appropriate interest rate growth as inflation risks moderate.

[A] All the four statements are true
[B] Statements 1,2 and 4 are true
[C] Statements 2 and 3 are true
[D] Only statement 3 is true
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Nazia Sayed
Nazia Sayed - 3 years ago

Nazia Sayed from Mumbai, India is saying Statements 1,2 and 4 are true is correct answer

Sayed badruzama
Sayed badruzama - 3 years ago

Sayed badruzama from Mumbai, India is saying Only statement 3 is true is correct answer

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