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    Question

    During the latest RBI Monetary Policy Committee (MPC) meeting held in August 2024, what was the decision made regarding the repo rate?

    A The repo rate was increased by 25 basis points Correct Answer Incorrect Answer
    B The repo rate was decreased by 25 basis points Correct Answer Incorrect Answer
    C The repo rate was kept unchanged Correct Answer Incorrect Answer
    D The repo rate was decreased by 50 basis points Correct Answer Incorrect Answer

    Solution

    In the August 2024 meeting, the RBI's Monetary Policy Committee decided to maintain the status quo on the repo rate, keeping it unchanged amid ongoing concerns about inflation and economic growth. This decision reflects the central bank's cautious approach to balancing inflation control and supporting economic recovery.

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