BANKING & FINANCE
RBI
RBI Finalizes MPC Meeting Schedule for FY 2026-27
The Reserve Bank of India has announced its Monetary Policy Committee (MPC) schedule, with the first meeting set for April 6-8, 2026.
The committee, chaired by Governor Sanjay Malhotra, consists of six members responsible for fixing the benchmark repo rate.
The final meeting of the fiscal year is scheduled for February 3-5, 2027.
Exam Perspective: MPC meeting cycles are crucial for understanding interest rate trajectories and economic stability.
The committee, chaired by Governor Sanjay Malhotra, consists of six members responsible for fixing the benchmark repo rate.
The final meeting of the fiscal year is scheduled for February 3-5, 2027.
Exam Perspective: MPC meeting cycles are crucial for understanding interest rate trajectories and economic stability.
Key Facts / Static GK
Current Repo Rate: 5.25%
MPC Quorum: Minimum 4 members
RBI Act, 1934 Section 45ZB: Governs the constitution of the MPC
MPC Quorum: Minimum 4 members
RBI Act, 1934 Section 45ZB: Governs the constitution of the MPC
Practice Quiz — 25 March 2026
Q1. Which organization developed the 'Real-time Internal Audit Portal' launched by the Ministry of Rural Development?
Answer: (B) National Informatics Centre (NIC) — The Real-time Internal Audit Portal was developed by the National Informatics Centre (NIC) under the Ministry of Electronics and Information Technology (MeitY).
Q2. The Lipulekh Pass, which is set to resume border trade in 2026, connects India with which of the following regions?
Answer: (B) Tibet (China) — The Lipulekh Pass is a historic route connecting the Pithoragarh district of Uttarakhand, India, with Tibet (China).
Q3. What is the new minimum investment requirement for Social Impact Funds (SIFs) as per the SEBI 213th Board Meeting reforms?
Answer: (D) ₹1,000 — SEBI reduced the minimum investment threshold for Social Impact Funds (SIFs) from ₹2 lakh to ₹1,000 to make them accessible to retail investors.
Q4. Under the DEA Fund Scheme 2014, after how many years of inactivity must a bank transfer the credit balance to the RBI?
Answer: (C) 10 years — Under the DEA Fund Scheme 2014, banks are required to transfer credit balances in accounts that have been inactive for 10 years or more to the DEA Fund.
Q5. According to the National Generation Adequacy Plan, what is India's projected total power capacity by the year 2035–36?
Answer: (C) 1,121 GW — The plan projects that India's installed power generation capacity will increase to 1,121 Gigawatt (GW) by the year 2035-36.
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