Multiple choice

Which of the following rate is not decided by Reserve Bank Of India?

  1. Bank Rate

  2. Repo Rate

  3. Reverse Repo Rate

  4. Income Tax Rate
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Reserve Bank of India (RBI) is India's central bank responsible for monetary policy. It decides key rates like Bank Rate, Repo Rate, and Reverse Repo Rate to control liquidity and inflation. Income Tax Rates are set by the Finance Ministry through the annual budget, not by RBI.

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