B.P.S.C. C.D.P.O. (Pre) 2018
How many times does Reserve Bank of India reviews the Monetary Policy in a financial year?
aBimonthly
bQuarterly
cHalf-yearly
dYearly
eNone of the above/More than one of the above✓ Correct
Explanation
A bimonthly monetary policy is announced by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which takes place 6 times in a financial year. However, during the COVID-19 pandemic, irregularity was recorded in the bi-monthly cycle. At present, the bi-monthly monetary policy cycle has again been fixed. Therefore, option (e) is the correct answer.
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