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
Loading...
Next Question

Overall Stats

Attempted 2
Correct 1
Incorrect 1
Viewed 0

Answers

Guest
Guest
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

Related Questions

Recently Indo Swiss Bilateral meeting was held, with the aim of giving further impetus to cooperation in the field of healthcare. A bilateral meeting was held in____?

  • [A] New Delhi
  • [B] Geneva
  • [C] Basel
  • [D] Mumbai
  • [E] None of these

View Answer

The result of first direct Presidential elections held in Czech Republic was declared on January 25, 2013.Name the person who emerged as the winner in the presidential Elections of Czech Republic ?

  • [A] Karel Schwarzenberg
  • [B] Milos Zeman
  • [C] Vaclav Klaus
  • [D] Petr Necas

View Answer

Recently Narendra Kohli was conferred with Vyas Samman 2012?  The award is given by which of the following organization? 

  • [A] K.K. Birla Foundation
  • [B] Govt. of India
  • [C] Sahitya Academy
  • [D] none of these

View Answer

Which telecom company in the month of March 2013 launched high quality voice service for its subscribers in Kenya, Rwanda,Malawi and Nigeria in the African sub - continent ?

  • [A] Vodafone
  • [B] Reliance
  • [C] Ideal Cellular
  • [D] Bharti Airtel

View Answer

Who is appointed as the acting prime minister of Tuvalu on 1 August 2013?

  • [A] Enele Sopoaga
  • [B] Mattia Toafa
  • [C] Apisai lelemia
  • [D] Fainalaga Luka

View Answer