Corporate Training & Development Institute December 2023 Newsletter
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Questions and Answers

Which rate under the Liquidity Adjustment Facility (LAF) remained unchanged at 6.50%?

  • Bank Rate
  • Repo rate (correct)
  • Marginal Standing Facility (MSF) rate
  • Standing Deposit Facility (SDF) rate

    • What is the Cash Reserve Ratio (CRR) for scheduled banks?

  • 3.75%
  • 4.00%
  • 4.25%
  • 4.50% (correct)

    • What is the projected CPI inflation for 2023-24?

  • 4.0%
  • 7.5%
  • 5.4% (correct)
  • 6.0%

    • Which monetary aggregate has been kept as part of the RBI’s toolkit and will operate at the discretion of the RBI?

    <p>Fixed Rate Reverse Repo (FRRR)</p> Signup and view all the answers

    What is the projected real GDP growth for 2023-24?

    <p>7.0%</p> Signup and view all the answers

    What is the main decision taken by the Monetary Policy Committee (MPC) in its December 8, 2023 meeting?

    <p>To maintain the policy repo rate at 6.50%</p> Signup and view all the answers

    What did RBI Governor Shaktikanta Das mention regarding the monetary policy stance?

    <p>The assumption of status quo as neutral stance is not correct</p> Signup and view all the answers

    What was the impact of RBI's policy announcement on the domestic market?

    <p>It was largely based on market expectations</p> Signup and view all the answers

    How many consecutive meetings of the Monetary Policy Committee (MPC) have maintained the status quo on the repo rate?

    <p>Five</p> Signup and view all the answers

    What topic was NOT discussed in the December 2023 resolution of the MPC?

    <p>Corporate tax reform</p> Signup and view all the answers

    What was the main decision taken by the Monetary Policy Committee (MPC) in its December 8, 2023 meeting?

    <p>To keep the policy repo rate unchanged at 6.50%</p> Signup and view all the answers

    How many consecutive meetings of the Monetary Policy Committee (MPC) have maintained the status quo on the repo rate?

    <p>Five</p> Signup and view all the answers

    What did the RBI Governor Shaktikanta Das emphasize about the monetary policy stance?

    <p>It remains actively disinflationary</p> Signup and view all the answers

    What was the basis of RBI's policy announcement according to the text?

    <p>Market expectations</p> Signup and view all the answers

    What is the main policy stance maintained by the RBI according to the text?

    <p>Neutral stance</p> Signup and view all the answers

    What was the impact of RBI's policy announcement on the domestic market according to the text?

    <p>Minor impact</p> Signup and view all the answers

    What is the projected real GDP growth for 2023-24 based on the information provided?

    <p>7.0%</p> Signup and view all the answers

    What is the current policy Repo rate under the Liquidity Adjustment Facility (LAF) according to the text?

    <p>6.50%</p> Signup and view all the answers

    What is the projected CPI inflation for 2023-24 based on the information provided?

    <p>5.4%</p> Signup and view all the answers

    What is the current Cash Reserve Ratio (CRR) for scheduled banks according to the text?

    <p>4.50%</p> Signup and view all the answers

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