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Vishnu S

· started a discussion

· 1 Months ago

Repo Rate (Question:1068356.0)

Current policy repo rate is 5.15%, not 5.40%

Question:

Which of the following is incorrect?

Options:
A)

The fiscal deficit target for 2019-20 has been kept as 3.3% of GDP

B)

India’s GVA has grown at 5.0% in the first quarter of FY2019-20 as per RBI

C)

India’s present inflation is less than 5%

D)

The present policy repo rate is 5.15%

E)

None of these

Solution:

Ans: (b)

India’s real gross value added (GVA) grew by 4.9 per cent in the first quarter of 2019-20. This is much lower than the 7.7 per cent growth recorded in the year-ago quarter. It is also the lowest quarterly growth seen since March 2014.

Knowledge Expert

· commented

· 1 Months ago

Dear student,
We have done the correction.

Best wishes
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