Arrange the following policy rate (as on 31-12-2022) of the RBI in the descending order of their…
At the end of December 2022, the RBI monetary policy rates in descending order were: Statutory Liquidity Ratio (SLR) at 18.00% (D), Bank Rate at 6.50% (B), Repo Rate at…
Choose your answer
Arrange the following policy rate (as on 31-12-2022) of the RBI in the descending order of their magnitude.
A. Repo rate
B. Bank rate
C. CRR
D. SLR
E. Reserve repo Rate.
Answer and explanation
Correct answer D
At the end of December 2022, the RBI monetary policy rates in descending order were: Statutory Liquidity Ratio (SLR) at 18.00% (D), Bank Rate at 6.50% (B), Repo Rate at 6.25% (A), Cash Reserve Ratio (CRR) at 4.50% (C), and Reverse Repo Rate at 3.35% (E). Hence the descending sequence is D, B, A, C, E.
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UGC NET Economics