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

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

- 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%

- 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%

- 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%

- 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%

- 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%

- What is the retail inflation(CPI) for February 2017?

A) 3.5%

B) 3.6%

C) 3.7%

D) 3.8%

- 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%

- 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%

- 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%

- What is the full form of EME?

A) Economic Market Emergency

B) Emerging Market Economies

C) External Manufacturing Economy

D) Efficient Manufacturing Economy

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