Banking Awareness Set 43 (First Bi-monthly Monetary Policy Review)

Important Banking Awareness Questions for SBI PO and Upcoming bank exams like NIACL Assistant, NICL AO, IBPS PO, IBPS RRB, etc. Banking Awareness Policy Rates

These Questions are based on the First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India dated April 06, 2017

1. What is the Policy Repo Rate after the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 6.50%
   B) 6.25%
   C) 6.00%
   D) 6.75%
   
   View Answer

   Option B
   Explanation:
2. What is the new policy rate corridor as per the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 0.25%
   B) 0.50%
   C) 0.75%
   D) 1.00%
   
   View Answer

   Option A
   Explanation: Reduced from 0.50% to 0.25%
3. What is the Reverse Repo Rate as per the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 5.75%
   B) 6.00%
   C) 6.25%
   D) 5.50%
   
   View Answer

   Option B
   Explanation: 6.00%
4. What is the present Cash Reserve Ratio as per the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 4.00%
   B) 4.25%
   C) 4.50%
   D) 4.75%
   
   View Answer

   Option A
   Explanation: 4.00%
5. What is the marginal standing facility (MSF) rate as per the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 6.50%
   B) 6.75%
   C) 7.00%
   D) 7.25%
   
   View Answer

   Option A
   Explanation: 6.50%
6. What is the retail inflation(CPI) for February 2017?
   A) 3.5%
   B) 3.6%
   C) 3.7%
   D) 3.8%
   
   View Answer

   Option C
   Explanation: 3.7%
7. What is the Gross value added (GVA) growth rate predicted by RBI for 2017-18 in the First Bi-monthly Monetary Policy Statement, 2017-18?
   A) 7.0%
   B) 7.2%
   C) 7.4%
   D) 7.6%
   
   View Answer

   Option C
   Explanation: 7.4%
8. What is the Bank Rate as per the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 6.50%
   B) 6.75%
   C) 7.00%
   D) 7.25%
   
   View Answer

   Option A
   Explanation: 6.50%
9. What is the SLR as per the First Bi-monthly Monetary Policy Statement, 2017-18 of RBI?
   A) 20.25%
   B) 20.50%
   C) 20.75%
   D) 21.00%
   
   View Answer

   Option B
   Explanation: 20.50%
10. What is the full form of EME?
    A) Economic Market Emergency
    B) Emerging Market Economies
    C) External Manufacturing Economy
    D) Efficient Manufacturing Economy
    
    View Answer

    Option B
    Explanation: Emerging Market Economies