Economy & Finance — 19 April 2026 Question 3
Q3. Which option below is correct?
In April 2026, the Reserve Bank of India (RBI) kept the repo rate at which level during its MPC meeting?
6.00%
6.50%
6.25%
5.75%
Explanation:
The Monetary Policy Committee (MPC) of RBI held the repo rate at 6.25% in its April 2026 meeting, maintaining a neutral stance to balance inflation control and growth support.
Key Terms:
- Repo Rate: Rate at which RBI lends to commercial banks
- MPC: 6-member committee that decides monetary policy
- A higher repo rate → costlier loans → lower inflation
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