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Banking General Awareness Reserve Bank of India Question Bank Reserve Bank of India Monetary Policy

  • question_answer
    The RBI reduces or increases different rates and ratios in "basis points" one basis point is equal to

    A) One tenth of a percent

    B) One hundredth of a percent

    C) One thousandth of a percent

    D) One percent

    E) One hundred percent

    Correct Answer: B

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