Current context: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) had discussions during 3rd, 4th and 5th December, 2019.
a. 4.2%
b. 5.7%
c. 5.0 %
d. 5.1%
- The Monetary Policy Committee (MPC) is a six-member committee, headed by Governor Shaktikanta Das.
- Main Highlights of Fifth Bi-monthly Monetary Policy, 2019-20 are:
- The MPC voted unanimously to keep the policy rate unchanged at 5.15%.
- It decided to continue with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target.
- The MPC revised the CPI inflation projection upwards to 5.1-4.7 % for H2:2019-20 and 4.0-3.8 % for H1:2020-21.
- Real GDP growth for 2019-20 is revised downwards from 6.1 % in the October policy to 5.0 % – 4.9-5.5 % in H2 and 5.9-6.3 per cent for H1:2020-21.
- The RBI has reduced the repo rate by 135 basis points between February and October 2019.
Question:
Q.1 The Reserve Bank of India has revised the Real GDP growth in its Fifth Bi-monthly Monetary Policy, 2019-20 from 6.1 % in the October policy to ______?a. 4.2%
b. 5.7%
c. 5.0 %
d. 5.1%
