Daily GK Quiz Game 526
Test #
526
[
10-Jun-2025
]
1.
In a move to tame down inflation and anchor inflationary expectations, RBI recently (in year 2010) raised the repo rate by 25bps to 5% and reverse repo rate by 25bps to 3.5% with immediate effect. In this context, which among the following is a correct statement ?
a.
The consumers most probably will experience a decrease in their EMI
b.
The consumers most probably will experience an increase in their EMI
c.
There will be no impact on EMI products under floating rates
d.
The consumers should avoid this time purchasing loans as the interest rates may come down very soon
e.
None of the above statement is a correct statement
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