Question

    Which committee is responsible for deciding the Repo

    Rate in India?
    A Financial Stability and Development Council (FSDC) Correct Answer Incorrect Answer
    B Monetary Policy Committee (MPC) Correct Answer Incorrect Answer
    C Banking Regulation Committee (BRC) Correct Answer Incorrect Answer
    D Reserve Bank of India Board (RBIB) Correct Answer Incorrect Answer
    E Financial Market Committee (FMC) Correct Answer Incorrect Answer

    Solution

    The Monetary Policy Committee (MPC) is responsible for setting the Repo Rate in India. It is a statutory and institutionalized framework under the Reserve Bank of India Act, 1934.

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