With reference to the Indian economy, consider the following statements:
1. Repo rate is the rate at which RBI lends to commercial banks.
2. Reverse Repo rate is always higher than the Repo rate.
3. Bank Rate and MSF (Marginal Standing Facility) rate are the same.
Topics:Monetary PolicyRBIBanking
Q52025easy
Consider the following statements about GST:
1. GST is a destination-based tax on consumption of goods and services.
2. Petroleum products are included under GST.
3. The GST Council is chaired by the Union Finance Minister.