{"id":73536,"date":"2019-04-27T09:04:26","date_gmt":"2019-04-27T09:04:26","guid":{"rendered":"https:\/\/www.edristi.in\/?p=73536"},"modified":"2019-04-27T09:04:52","modified_gmt":"2019-04-27T09:04:52","slug":"first-bi-monthly-monetary-policy-2019-20","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/first-bi-monthly-monetary-policy-2019-20\/","title":{"rendered":"First Bi-monthly Monetary Policy, 2019-20"},"content":{"rendered":"\n<strong>Question: The Six-member monetary policy committee of the RBI voted 4-2 to reduce the policy repo rate by _____ on April 4, 2019.<\/strong>\n<br>(a)\t 25 basis points\n<br>(b)\t 50 basis points \n<br>(c)\t 75 basis points\n<br>(d)\t None of the above\n<strong><br>Answer: (a) \n<br>Related facts:<\/strong>\n\n\n\n\n<ul><li>First bi-monthly monetary policy statement\n(Resolution of the MPC) for 2019-20 released on 4 April, 2019.<\/li><li>The six member monetary policy committee (MPC) of\nthe RBI voted 4-2 to reduce the policy repo rate by 25 basis points.<\/li><li>This was widely expected by economists and\nbond-market participants who anticipate at least one more cut in the coming\npolicies.<\/li><li>Banks, however, remain non-committal about paring\ndown their lending rates.<\/li><li>RBI kept the policy stance unchanged while the repo\nrate became 6 percent from 6.25 percent earlier.<\/li>\n<script async=\"\" src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-7086827700842303\" data-ad-slot=\"2662621974\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n<li>The first bi-monthly monetary policy of the fiscal\n2019-20 was more concerned about growth than inflation.<\/li><li>RBI now expects the GDP to grow at 7.2 percent in\n2019-20, lower than its earlier projection of 7.4 percent.<\/li><li>The CPI inflation is now expected to be 2.4 percent\nin the fourth quarter of 2018-19, 2.9-3.0 percent in the first half of 2019-20,\nand 3.5-3.8 percent in the second half, with risks broadly balanced. <\/li><li>Policy Rats of RBI are as follows: Policy Repo\nRate: 6.0%; Reverse Repo Rate: 5.75%; Marginal Standing Facility rate: 6.25%;\nBank rate: 6.25%<\/li><li>Reserve Ratios are as follows: CRR: 4%; SLR: 19.00%<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Links:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.business-standard.com\/article\/news-cm\/rbi-projects-gdp-growth-at-7-2-for-2019-20-119040400487_1.html\" target=\"_blank\">https:\/\/www.business-standard.com\/article\/news-cm\/rbi-projects-gdp-growth-at-7-2-for-2019-20-119040400487_1.html<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=46838\" target=\"_blank\">https:\/\/rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=46838<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: The Six-member monetary policy committee of the RBI voted 4-2 to reduce the policy repo rate by _____ on April 4, 2019. (a) 25 basis points (b) 50 basis points (c) 75 basis points (d) None of the above Answer: (a) Related facts: First bi-monthly monetary policy statement (Resolution of the MPC) for 2019-20 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":73537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-73536","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\/73536","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=73536"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/73536\/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\/73537"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=73536"}],"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=73536"},{"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=73536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}