Here are some MCQs on Monetary Policy of Reserve Bank of India
1. Which organization is responsible for monetary policy in India?
a) Securities and Exchange Board of India
b) Reserve Bank of India
c) Ministry of Finance
d) State Bank of India
2. What is the primary objective of monetary policy in India?
a) Control inflation
b) Promote economic growth
c) Maintain exchange rate stability
d) All of the above
3. When does the Monetary Policy Committee (MPC) meet to determine the policy rates?
a) Quarterly
b) Monthly
c) Annually
d) Biannually
4. Which of the following is NOT a policy rate determined by the Reserve Bank of India?
a) Repo rate
b) Reverse repo rate
c) Cash reserve ratio
d) Bank rate
5. Which policy rate is used by the RBI to control short-term liquidity in the market?
a) Repo rate
b) Reverse repo rate
c) Bank rate
d) Marginal Standing Facility rate
