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RBI changes the repo rate by 25 basis points. That equals:
A25 percent
B0.025 percent
C0.25 percent
D2.5 percent
Answer & Solution
Correct answer: C. 0.25 percent
1. One basis point is 0.01 percent.
2. Multiply by 25.
3. That is 0.25 percent.
_Source: Reserve Bank of India, Glossary (rbi.org.in)._
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