{"id":45327,"date":"2018-04-07T10:04:43","date_gmt":"2018-04-07T10:04:43","guid":{"rendered":"https:\/\/www.edristi.in\/?p=45327"},"modified":"2018-04-07T10:04:43","modified_gmt":"2018-04-07T10:04:43","slug":"first-bi-monthly-monetary-policy-statement-2018-19","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/first-bi-monthly-monetary-policy-statement-2018-19\/","title":{"rendered":"First Bi-monthly Monetary Policy Statement, 2018-19"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: On April 5<sup>th<\/sup>, 2018, the Monetary Policy Committee (MPC), headed by the Reserve Bank of India Governor Urgit Patel, released the &#8216;First Bi-Monthly Monetary Policy Statement 2018-19&#8217;. \u00a0On the whole, GDP growth is projected to strengthen from 6.6 per cent in 2017-18 to what per cent in 2018-19?<\/strong><br \/>\n(a) 6.6 percent<br \/>\n(b) 7.2 percent<br \/>\n(c) 7.4 percent<br \/>\n(d) 6.9 percent<br \/>\n<strong>Answer: (c)\u00a0<\/strong><strong><br \/>\nRelated Fact:\u00a0<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On April 5<sup>th<\/sup>, 2018, the Monetary Policy Committee (MPC), headed by the Reserve Bank of India Governor Urgit Patel, released the &#8216;First Bi-Monthly Monetary Policy Statement 2018-19&#8217;.<\/li>\n<li>Reserve Bank of India has kept policy rates, reserve cash ratio, net demand and periodic liabilities unchanged in the first bi-monthly monetary policy.<\/li>\n<li>Committee (MPC) has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.<\/li>\n<li>Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.<\/li>\n<li>Keeping the cash reserve ratio (CRR: Cash Reserve Ratio) of scheduled commercial banks unchanged, it was retained at 4 percent of net demand and dead liabilities (NDTL: Net Demand and Time Liabilities).<\/li>\n<li>The statutory liquidity ratio (SLR: Statutary Liquidity by Ratio) of scheduled commercial banks is kept unchanged at 19.50 percent.<\/li>\n<li>Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.<\/li>\n<li>On the whole, GDP growth is projected to strengthen from 6.6 per cent in 2017-18 to 7.4 per cent in 2018-19.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference: \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong><br \/>\n<a href=\"https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=43573\" target=\"_blank\" rel=\"noopener\">https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=43573<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: On April 5th, 2018, the Monetary Policy Committee (MPC), headed by the Reserve Bank of India Governor Urgit Patel, released the &#8216;First Bi-Monthly Monetary Policy Statement 2018-19&#8217;. \u00a0On the whole, GDP growth is projected to strengthen from 6.6 per cent in 2017-18 to what per cent in 2018-19? (a) 6.6 percent (b) 7.2 percent [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":45199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-45327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/45327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=45327"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/45327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/45199"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=45327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=45327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=45327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}