Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.122)


What is the projected GDP of India in FY21 as per RBI's Monetary Policy Committee(MPC) meeting(October 2020)?

[A]. - 9.5%
[B]. - 10%
[C]. - 7.5%
[D]. - 12.2%

Answer: Option A


The 6 member 25th Monetary Policy Committee (MPC) meeting of Reserve Bank of India(RBI) was held from October 7-9,2020 which was headed by RBI Governor Shaktikant Das.During the meeting it was projected that the economy will contract by 9.5%in 2020-2021 amid COVID -19 with risks tilted to the downside : (-)9.8% in Q2/2020-21, (-)5.6% in the third quarter, and 0.5% in the fourth quarter.

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