Current Affairs

GK MCQs Section
Q. Which institution decides the repo rate and reverse repo rate in India?
Answer: Reserve Bank of India
Notes: Repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds. o Reverse Repo rate is the short term borrowing rate at which RBI borrows money from banks. o Repo rate and Reverse Repo rate are fixed by the Reserve Bank of India in India.

This Question is Also Available in:

हिन्दी
Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.
📌 Question Number: 149 in 35. Money Markets & Monetary Policy in the above course in App.