Multiple choice

The Repo Rate applicable on March 31, 2007 was

  1. 7·0%

  2. 7·25%

  3. 7·5%

  4. 7·75%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Repo Rate on March 31, 2007 was 7.75%, as set by the Reserve Bank of India. The repo rate is the rate at which RBI lends to commercial banks, and it was at this level during that specific period in 2007.

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