Multiple choice

Which of the following is not true with respect to Second Quarter Review of Monetary Policy 2013 - 14?

  1. MSF reduced by 25 basis points.

  2. Repo rate increased by 25 basis points from 7.5% to 7.75% with immediate effect.

  3. Cash Reserve Ratio (CRR) changed at 4% to 4.5%.

  4. The liquidity provided through term repos of 7-day and 14-day tenor has been increased from 0.25% of net demand and time liabilities (NDTL) of the banking system to 0.5% with immediate effect.

  5. RBI reduced FY14 GDP growth to 5% from 5.7%.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cash Reserve Ratio (CRR) is unchanged and maintained at 4% .

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