7. RBI has hiked the policy repo rate by how many basis points? A.30 basis pointsB.45 basis pointsC.40 basis pointsD.35 basis points
Explanation: The Reserve Bank of India (RBI) in a sudden move on May 4, 2022, increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect. the correct option of this question is option c
