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Economy & Business MCQs - 2026-08-07

1.
What does the term 'Repo Rate' signify in the context of the Reserve Bank of India's monetary policy?
A The rate at which commercial banks borrow money from the RBI by selling securities with an agreement to repurchase them.
B The rate at which the RBI borrows money from commercial banks.
C The rate at which commercial banks lend money to their customers.
D The rate at which the government borrows money from the public.
2.
Maintaining the Repo Rate at 6.50% for the seventh consecutive time primarily reflects the RBI's focus on which of the following objectives?
A Ensuring price stability while supporting growth.
B Boosting exports through a weaker rupee.
C Increasing government revenue through higher taxes.
D Reducing the fiscal deficit significantly.
3.
As per the recent announcement, what is the current Repo Rate maintained by the Reserve Bank of India (RBI) for the seventh consecutive time?
A 6.50%
B 6.25%
C 6.75%
D 7.00%
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