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Current Affairs

RBI 5th bi-monthly Monetary Policy

Current context: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) had discussions during 3rd, 4th and 5th December, 2019.
RBI 5th bi-monthly Monetary Policy
  • 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:
    1. The MPC voted unanimously to keep the policy rate unchanged at 5.15%.
    2. 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.
    3. 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.
    4. 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%
RBI 5th bi-monthly Monetary Policy RBI 5th bi-monthly Monetary Policy Reviewed by Neha Verma on December 05, 2019 Rating: 5

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