Loading...
Loading...
Reserve Bank of India raised the repo rate by 40 basis points in May 2022. Now consider the following statements: 1. Repo rates are increased to control inflation. 2. With increase in repo rates, cost of borrowing money increases. 3. With reduction in repo rates, industry gets loans at higher rates from the lender. 4. To decrease money supply in the economy, the RBI hikes up repo rates to encourage banks for borrowing funds. Select the correct statements using the code given below:
This question appeared in the HPSC Prelims 2021 examination (GS-II). It is Question 91 out of 198 questions in this paper.
This question was part of the HPSC Prelims 2021 (GS-II). The HPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all HPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.