Comprehension
On 21st December, 2022 the Reserve Bank of India has declared its monetary policy and as per the source https://rbidocs.rbi.org.in the extract of the the Minutes of the Monetary Policy Committee meeting has been given below.
December 5-07, 2022 (Under Section 45ZL of the Reserve Bank of India Act. 1934) The fortieth meeting of the Monetary Policy committee, constituted under Section 452B of Reserve Bank of India Act-1934, was held during December 5-7, 2022. The Committee decided to increase the lending rate by 35 basis points to 6.25 percent with immediate effects. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.
On the basis of this article answer the question.
December 5-07, 2022 (Under Section 45ZL of the Reserve Bank of India Act. 1934) The fortieth meeting of the Monetary Policy committee, constituted under Section 452B of Reserve Bank of India Act-1934, was held during December 5-7, 2022. The Committee decided to increase the lending rate by 35 basis points to 6.25 percent with immediate effects. The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.
On the basis of this article answer the question.
Question: 1
Identify the name of the monetary measure, which has been changed in the fortieth meeting of the Monetary Policy Committee during 5th to 7th December 2022 as mentioned in the above passage.
Identify the name of the monetary measure, which has been changed in the fortieth meeting of the Monetary Policy Committee during 5th to 7th December 2022 as mentioned in the above passage.
Updated On: May 18, 2024
- Cash Reserve Ratio
- Statutory Liquidity Ratio
- Repo Rate
- Reverse Repo Rate
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The Correct Option is C
Solution and Explanation
The correct option is (C): Repo Rate
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Question: 2
Identify the alternative name of Repo Rate.
Identify the alternative name of Repo Rate.
Updated On: May 18, 2024
- Resale agreement rate
- Repurchase agreement rate
- Inward borrowing rate
- Reverse repo rate
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The Correct Option is B
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The correct option is (B): Repurchase agreement rate
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Question: 3
Identify the function of Central Bank which has been performed in the situation as mentioned in the passage given above.
Identify the function of Central Bank which has been performed in the situation as mentioned in the passage given above.
Updated On: May 18, 2024
- Banker to the Government
- Banker to the Banks
- Custodian of foreign exchange reserves
- Stabilising the economy disturbances
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The Correct Option is D
Solution and Explanation
The correct option is (D): Stabilising the economy disturbances
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Question: 4
Identify the qualitative tool to be used by Central Bank to control the credit situation in the economy.
Identify the qualitative tool to be used by Central Bank to control the credit situation in the economy.
Updated On: May 18, 2024
- Open Market Operation
- Margin Requirements
- Statutory Liquidity Rate
- Repurchase Agreement Rate
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The Correct Option is B
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The correct option is (B): Margin Requirements
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Question: 5
Under this measure of Monetary policy the commercial banks are required to maintain a certain percentage of deposits with themselves as reserves. Identify the name of the monetary tool.
Under this measure of Monetary policy the commercial banks are required to maintain a certain percentage of deposits with themselves as reserves. Identify the name of the monetary tool.
Updated On: May 18, 2024
- Open Market Operation
- Statutory Liquidity Ratio
- Cash Reserve Ratio
- Margin Requirement
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The Correct Option is C
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The correct option is (C): Cash Reserve Ratio
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Top Questions on Reading Comprehension
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THE FAIR ISLE METHOD: Fair Isle knitting is a traditional technique that involves using two or more colours of yarn in a single row to create intricate patterns and designs. This method requires careful tension management to ensure even stitches and prevent puckering. To begin, select your colours and cast on the desired number of stitches. As you knit, alternate between colours every few stitches, carrying the unused yarn along the back of the work. Mastering the Fair Isle technique allows you to create stunning visual effects in garments, accessories, and home textiles.
THE CONTINENTAL STYLE: The Continental knitting style, often referred to as “picking,” involves holding the yarn in the left hand while the right hand manipulates the needles. This method allows for greater speed and efficiency, particularly when working with complex patterns or multiple colours. To practice this style, start by casting on your stitches and using your left hand to tension the yarn. With each stitch, simply “pick” the yarn with your right needle, forming a quick and fluid motion. As you become comfortable with this technique, you may find that your overall knitting speed and comfort improve significantly.
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The Story of Coffee
Coffee, a beloved beverage enjoyed by millions around the globe, has a rich and captivating history that spans centuries. The story of coffee begins in the ancient highlands of Ethiopia, where, according to legend, a goat herder named Kaldi discovered the stimulating effects of coffee beans. One day, Kaldi noticed his goats frolicking with unusual energy after eating red berries from a certain tree. Curious, he tried the berries himself and experienced a newfound alertness. This discovery soon spread to monasteries, where monks used it to stay awake during long hours of prayer. From Ethiopia, coffee cultivation and consumption spread to the Arabian Peninsula, particularly in Yemen, where the practice of roasting coffee beans and brewing the drink began to take shape. By the 15th century, coffee had become a popular beverage in the Islamic world, with coffee houses known as ‘qahveh khaneh’ emerging as social hubs for conversation, music, and intellectual exchange. These coffee houses became centers of culture and commerce, influencing the spread of coffee to Turkey and beyond, eventually reaching Europe. In Europe, coffee initially faced resistance from religious authorities who considered it a ‘Muslim drink’ and tried to ban it. However, its popularity persisted, and by the 17th century, coffee houses had sprung up in major European cities, becoming important gathering places for artists, writers, and thinkers. The stimulating effects of coffee were embraced during the Age of Enlightenment, where it was seen as a catalyst for intellectual discussion and innovation. The journey of coffee continued with the establishment of colonial plantations in tropical regions such as the Caribbean, Central and South America, and Southeast Asia. These plantations fuelled the global demand for coffee, transforming it from a regional specialty to a major commodity. The industrial revolution further accelerated coffee production and consumption, leading to innovations in coffee brewing methods and the development of instant coffee. In the modern era, coffee has evolved into a deeply ingrained part of daily life for people worldwide. Its cultural significance spans from the bustling cafes of Paris to the quiet coffee farms of Colombia. Today, coffee remains not only a popular beverage but also a symbol of social interaction, productivity, and enjoyment. Whether sipped slowly over a conversation with friends or grabbed hastily on the way to work, the story of coffee continues to unfold, intertwining with the histories and cultures of countless societies across the globe.- AILET BALLB (Hons.) - 2025
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The intricate world of modern manufacturing is a web of precision and innovation, where even the tiniest components play a pivotal role. One such element, often overlooked but crucial, is the sub-subpart. Whether it’s a carpenter fashioning a bespoke piece of furniture or an automobile engineer designing the next generation of vehicles, the creation of sub-subparts is a fundamental process that demands meticulous craftsmanship and cutting-edge technology. In the realm of woodworking, carpenters frequently work with sub-subparts like dowels, screws, and hinges. These minute components may appear insignificant, yet they determine the structural integrity and functionality of the final product. Crafting a dowel, for instance, begins with selecting the appropriate wood species, followed by precision cutting and shaping. The result is a perfectly cylindrical, sturdy sub-subpart that seamlessly joins two larger pieces of wood. The advent of computer-aided design (CAD) and computer numerical control (CNC) machines has revolutionised this process, enabling carpenters to create sub-subparts with unparalleled precision.
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