General Knowledge · General Awareness
Consider the following statements: Assertion (A): Repo rate is an important monetary policy tool used by the Reserve Bank of India (RBI) to control inflation. Reason (R): An increase in repo rate makes borrowing costlier and reduces money supply in the economy. Choose the correct answer from the options below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are true and R is the correct explanation of A✓
- 2Both A and R are true but R is not the correct explanation of A
- 3A is true but R is false
- 4A is false but R is true
Correct answer
Both A and R are true and R is the correct explanation of A
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