{"id":246765,"date":"2026-07-02T20:20:07","date_gmt":"2026-07-02T14:50:07","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=246765"},"modified":"2026-07-02T20:20:27","modified_gmt":"2026-07-02T14:50:27","slug":"jaiib-ie-ifs-monetary-and-fiscal-policy","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/","title":{"rendered":"Attempt JAIIB IE &amp; IFS Monetary and Fiscal Policy Quiz &amp; Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_Monetary_Policy\" >What is Monetary Policy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#Download_JAIIB_IE_IFS_Monetary_and_Fiscal_Policy_Practice_Quiz\" >Download JAIIB IE &amp; IFS Monetary and Fiscal Policy Practice Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#Attempt_Quiz_on_JAIIB_IE_IFS_Monetary_and_Fiscal_Policy\" >Attempt Quiz on JAIIB IE &amp; IFS Monetary and Fiscal Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_are_the_types_of_Monetary_Policy\" >What are the types of Monetary Policy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_are_the_major_tools_of_Monetary_Policy\" >What are the major tools of Monetary Policy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Bank_Rate\" >What is the Bank Rate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Marginal_Standing_Facility_MSF\" >What is the Marginal Standing Facility (MSF)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_are_CRR_and_SLR\" >What are CRR and SLR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Standing_Deposit_Facility_SDF\" >What is the Standing Deposit Facility (SDF)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_are_Base_Rate_MCLR_and_EBLR\" >What are Base Rate, MCLR and EBLR?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Market_Stabilisation_Scheme_MSS\" >What is the Market Stabilisation Scheme (MSS)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_Repo_Rate\" >What is Repo Rate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_Reverse_Repo_Rate\" >What is Reverse Repo Rate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_Variable_Rate_Reverse_Repo_VRRR\" >What is Variable Rate Reverse Repo (VRRR)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_are_Open_Market_Operations_OMO\" >What are Open Market Operations (OMO)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Refinance_Facility\" >What is the Refinance Facility?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Liquidity_Adjustment_Facility_LAF\" >What is the Liquidity Adjustment Facility (LAF)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_Monetary_Policy_Committee_MPC\" >What is the Monetary Policy Committee (MPC)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_Inflation_Targeting\" >What is Inflation Targeting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_Fiscal_Policy\" >What is Fiscal Policy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_are_the_types_of_Fiscal_Policy\" >What are the types of Fiscal Policy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_is_the_FRBM_Act\" >What is the FRBM Act?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#What_were_the_recommendations_of_the_N_K_Singh_Committee\" >What were the recommendations of the N. K. Singh Committee?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#Why_is_coordination_between_Monetary_Policy_and_Fiscal_Policy_important\" >Why is coordination between Monetary Policy and Fiscal Policy important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Monetary and Fiscal Policy is one of the most important topics in the JAIIB Indian Economy &amp; Indian Financial System (IE &amp; IFS) paper. Every year, several conceptual and case-based questions are asked from this unit, making it a high-scoring area for candidates. Whether the exam asks about Repo Rate, CRR, Fiscal Deficit, FRBM Act, or Monetary Policy Committee, understanding the logic behind these concepts is more important than memorizing definitions. This guide explains the complete topic in simple English, making it easier to understand the role of the Reserve Bank of India (RBI) and the Government in managing the economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-monetary-policy\"><span class=\"ez-toc-section\" id=\"What_is_Monetary_Policy\"><\/span>What is Monetary Policy?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Monetary Policy is the policy through which the Reserve Bank of India (RBI) controls the supply of money, availability of credit, and interest rates in the economy. The main purpose of monetary policy is to maintain price stability, control inflation, support economic growth, and ensure financial stability. RBI uses different policy tools depending on the economic condition.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Feature<\/th><th>Details<\/th><\/tr><tr><td>Controlled by<\/td><td>Reserve Bank of India (RBI)<\/td><\/tr><tr><td>Main Objective<\/td><td>&#8211; Maintain price stability.<br>&#8211; Control inflation.<br>&#8211; Promote economic growth.<br>&#8211; Increase employment opportunities.<br>&#8211; Maintain financial stability.<br>&#8211; Ensure adequate liquidity in the banking system.<\/td><\/tr><tr><td>Focus Areas<\/td><td>Money supply, interest rates, inflation, liquidity<\/td><\/tr><tr><td>Frequency<\/td><td>Monetary Policy is reviewed periodically by RBI<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-mock-test\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A free JAIIB Mock Test Now!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-jaiib-ie-amp-ifs-monetary-and-fiscal-policy-practice-quiz\"><span class=\"ez-toc-section\" id=\"Download_JAIIB_IE_IFS_Monetary_and_Fiscal_Policy_Practice_Quiz\"><\/span>Download JAIIB IE &amp; IFS Monetary and Fiscal Policy Practice Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Boost your JAIIB IE &amp; IFS preparation with the Monetary and Fiscal Policy Practice Quiz PDF. It covers important exam-focused MCQs on Repo Rate, Reverse Repo Rate, CRR, SLR, Bank Rate, MSF, OMO, MPC, Fiscal Policy, FRBM Act, Fiscal Deficit, and other key concepts, along with detailed answers and explanations.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong><a href=\"https:\/\/www.oliveboard.in\/jaiib-ie-and-ifs-topic-wise-practice-quiz-pdf\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-attempt-quiz-on-jaiib-ie-amp-ifs-monetary-and-fiscal-policy\"><span class=\"ez-toc-section\" id=\"Attempt_Quiz_on_JAIIB_IE_IFS_Monetary_and_Fiscal_Policy\"><\/span>Attempt Quiz on JAIIB IE &amp; IFS Monetary and Fiscal Policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your knowledge of Monetary and Fiscal Policy with this practice quiz featuring important JAIIB IE &amp; IFS questions on RBI policy tools, Government fiscal measures, inflation control, liquidity management, FRBM Act, and other frequently tested topics.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Practice JAIIB IE and IFS Quiz on Monetary and Fiscal Policy <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. What is the primary objective of Monetary Policy in India?<\/p>\n  <button data-correct=\"false\">To regulate fiscal deficit<\/button>\n  <button data-correct=\"true\">To manage money supply and achieve macroeconomic goals<\/button>\n  <button data-correct=\"false\">To control government expenditure<\/button>\n  <button data-correct=\"false\">To set tax rates<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Which body is responsible for formulating Monetary Policy in India?<\/p>\n  <button data-correct=\"false\">Ministry of Finance<\/button>\n  <button data-correct=\"false\">SEBI<\/button>\n  <button data-correct=\"true\">Reserve Bank of India (RBI)<\/button>\n  <button data-correct=\"false\">NITI Aayog<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. What does &#8216;Expansionary Monetary Policy&#8217; aim to do?<\/p>\n  <button data-correct=\"false\">Reduce money supply to control inflation<\/button>\n  <button data-correct=\"false\">Increase interest rates to curb spending<\/button>\n  <button data-correct=\"true\">Increase spending and purchasing power of people<\/button>\n  <button data-correct=\"false\">Reduce government expenditure<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. When is Contractionary Monetary Policy typically used?<\/p>\n  <button data-correct=\"false\">During recession<\/button>\n  <button data-correct=\"true\">During high inflation or hyperinflation<\/button>\n  <button data-correct=\"false\">During deflation<\/button>\n  <button data-correct=\"false\">When GDP growth is negative<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. What is the Bank Rate?<\/p>\n  <button data-correct=\"false\">Rate at which banks lend to public<\/button>\n  <button data-correct=\"false\">Rate at which RBI lends overnight to banks against securities<\/button>\n  <button data-correct=\"true\">Rate at which RBI provides long-term loans to commercial banks through rediscounting of bills<\/button>\n  <button data-correct=\"false\">Rate of interest on fixed deposits<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. What is the key difference between Bank Rate and Marginal Standing Facility (MSF)?<\/p>\n  <button data-correct=\"false\">Bank Rate is for overnight borrowing; MSF is for long-term<\/button>\n  <button data-correct=\"true\">Bank Rate is for long-term lending without pledging securities; MSF is for overnight borrowing with SLR securities as collateral<\/button>\n  <button data-correct=\"false\">Both are identical instruments<\/button>\n  <button data-correct=\"false\">Bank Rate applies only to NBFCs; MSF applies to commercial banks<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. Cash Reserve Ratio (CRR) is maintained by banks with:<\/p>\n  <button data-correct=\"false\">Their own vaults<\/button>\n  <button data-correct=\"false\">SEBI<\/button>\n  <button data-correct=\"true\">Reserve Bank of India<\/button>\n  <button data-correct=\"false\">Ministry of Finance<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. What is the purpose of Statutory Liquidity Ratio (SLR)?<\/p>\n  <button data-correct=\"true\">To ensure banks always have liquidity for customer withdrawals<\/button>\n  <button data-correct=\"false\">To control the money supply directly<\/button>\n  <button data-correct=\"false\">To determine the repo rate<\/button>\n  <button data-correct=\"false\">To regulate government borrowing<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. What is the approximate range within which SLR can be set in India?<\/p>\n  <button data-correct=\"false\">4% to 15%<\/button>\n  <button data-correct=\"true\">18% to 40%<\/button>\n  <button data-correct=\"false\">10% to 25%<\/button>\n  <button data-correct=\"false\">5% to 30%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which of the following statements about CRR is CORRECT?<\/p>\n  <button data-correct=\"false\">CRR balances earn interest from RBI<\/button>\n  <button data-correct=\"false\">CRR is maintained in liquid assets held by the bank itself<\/button>\n  <button data-correct=\"true\">CRR balances do not earn any interest<\/button>\n  <button data-correct=\"false\">CRR ranges from 18% to 40%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. Standing Deposit Facility (SDF) is used by RBI to:<\/p>\n  <button data-correct=\"false\">Lend money to banks during emergencies<\/button>\n  <button data-correct=\"true\">Absorb excess liquidity from the system by accepting voluntary deposits from banks<\/button>\n  <button data-correct=\"false\">Provide refinance to NBFCs<\/button>\n  <button data-correct=\"false\">Set the benchmark lending rate<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. The Benchmark Prime Lending Rate (BPLR) was replaced by which rate in 2010?<\/p>\n  <button data-correct=\"false\">MCLR<\/button>\n  <button data-correct=\"false\">EBLR<\/button>\n  <button data-correct=\"true\">Base Rate<\/button>\n  <button data-correct=\"false\">Repo Rate<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. MCLR stands for:<\/p>\n  <button data-correct=\"false\">Minimum Credit Lending Rate<\/button>\n  <button data-correct=\"true\">Marginal Cost of Funds Based Lending Rate<\/button>\n  <button data-correct=\"false\">Market Credit Lending Ratio<\/button>\n  <button data-correct=\"false\">Monetary Control Lending Rate<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. EBLR (External Benchmark Based Lending Rate) was introduced in:<\/p>\n  <button data-correct=\"false\">2010<\/button>\n  <button data-correct=\"false\">2016<\/button>\n  <button data-correct=\"true\">2019<\/button>\n  <button data-correct=\"false\">2003<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Which of the following can be used as an external benchmark under EBLR?<\/p>\n  <button data-correct=\"false\">Bank&#8217;s own cost of funds<\/button>\n  <button data-correct=\"true\">RBI Repo Rate<\/button>\n  <button data-correct=\"false\">SLR of the bank<\/button>\n  <button data-correct=\"false\">CRR maintained with RBI<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. FBIL stands for:<\/p>\n  <button data-correct=\"false\">Federal Bank Interest Limit<\/button>\n  <button data-correct=\"true\">Financial Benchmarks India Private Limited<\/button>\n  <button data-correct=\"false\">Fixed Base Interest Level<\/button>\n  <button data-correct=\"false\">Finance Bureau of India Limited<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Market Stabilisation Scheme (MSS) is used for:<\/p>\n  <button data-correct=\"false\">Providing refinance to banks<\/button>\n  <button data-correct=\"true\">Absorbing excess long-term liquidity by issuing government instruments<\/button>\n  <button data-correct=\"false\">Distributing dividends to shareholders<\/button>\n  <button data-correct=\"false\">Regulating foreign exchange reserves<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. As of April 2026, the Repo Rate in India is:<\/p>\n  <button data-correct=\"false\">6.50%<\/button>\n  <button data-correct=\"false\">4.00%<\/button>\n  <button data-correct=\"true\">5.25%<\/button>\n  <button data-correct=\"false\">3.35%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. What happens when the Repo Rate is lowered?<\/p>\n  <button data-correct=\"false\">Banks&#8217; EMI burden increases and lending becomes costly<\/button>\n  <button data-correct=\"true\">Banks&#8217; cost of borrowing from RBI decreases, leading to cheaper loans for public<\/button>\n  <button data-correct=\"false\">Inflation increases immediately<\/button>\n  <button data-correct=\"false\">Government&#8217;s fiscal deficit widens<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Triparty Repo was introduced in India to replace:<\/p>\n  <button data-correct=\"false\">MCLR<\/button>\n  <button data-correct=\"true\">CBLO (Collateralized Borrowing and Lending Obligation)<\/button>\n  <button data-correct=\"false\">SDF<\/button>\n  <button data-correct=\"false\">Base Rate<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span 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28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; 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It is mainly used to influence the overall credit availability in the banking system.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Used for long-term borrowing.<\/li>\n\n\n\n<li>RBI lends to commercial banks.<\/li>\n\n\n\n<li>No securities are pledged.<\/li>\n\n\n\n<li>Also known as Discount Rate.<\/li>\n\n\n\n<li>Helps control credit in the economy.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also: Check out the detailed <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-syllabus\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Syllabus<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-marginal-standing-facility-msf\"><span class=\"ez-toc-section\" id=\"What_is_the_Marginal_Standing_Facility_MSF\"><\/span>What is the Marginal Standing Facility (MSF)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MSF is an emergency borrowing facility provided by RBI. Banks use it when they suddenly face a shortage of funds and need overnight borrowing.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Borrowing Period<\/td><td>Overnight<\/td><\/tr><tr><td>Purpose<\/td><td>Emergency liquidity<\/td><\/tr><tr><td>Security<\/td><td>SLR securities are pledged<\/td><\/tr><tr><td>Nature<\/td><td>Short-term borrowing<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-crr-and-slr\"><span class=\"ez-toc-section\" id=\"What_are_CRR_and_SLR\"><\/span>What are CRR and SLR?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>CRR and SLR are reserve requirements that every commercial bank must maintain. These reserves help RBI maintain liquidity and financial stability.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>CRR<\/strong><\/td><td><strong>SLR<\/strong><\/td><\/tr><tr><td>Cash maintained with RBI<\/td><td>Liquid assets maintained by banks<\/td><\/tr><tr><td>No interest earned<\/td><td>Interest can be earned depending on assets<\/td><\/tr><tr><td>Controls money supply<\/td><td>Ensures bank liquidity<\/td><\/tr><tr><td>Maintained in cash<\/td><td>Maintained in cash, gold and approved securities<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-standing-deposit-facility-sdf\"><span class=\"ez-toc-section\" id=\"What_is_the_Standing_Deposit_Facility_SDF\"><\/span>What is the Standing Deposit Facility (SDF)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Standing Deposit Facility allows banks to voluntarily park excess funds with RBI without receiving Government securities in return. It helps RBI absorb excess liquidity from the banking system.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Used for liquidity absorption.<\/li>\n\n\n\n<li>Overnight deposit facility.<\/li>\n\n\n\n<li>No collateral is required.<\/li>\n\n\n\n<li>Part of Liquidity Adjustment Facility.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Join the JAIIB Online Course now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-base-rate-mclr-and-eblr\"><span class=\"ez-toc-section\" id=\"What_are_Base_Rate_MCLR_and_EBLR\"><\/span>What are Base Rate, MCLR and EBLR?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Over the years, RBI introduced different lending benchmark systems to improve transparency in loan pricing.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Benchmark<\/strong><\/td><td><strong>Introduced<\/strong><\/td><td><strong>Purpose<\/strong><\/td><\/tr><tr><td>Base Rate<\/td><td>2010<\/td><td>Replaced BPLR<\/td><\/tr><tr><td>MCLR<\/td><td>2016<\/td><td>Better transmission of policy rates<\/td><\/tr><tr><td>EBLR<\/td><td>2019<\/td><td>Loan rates linked to external benchmark<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-market-stabilisation-scheme-mss\"><span class=\"ez-toc-section\" id=\"What_is_the_Market_Stabilisation_Scheme_MSS\"><\/span>What is the Market Stabilisation Scheme (MSS)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Market Stabilisation Scheme is used to absorb excess liquidity from the economy by issuing Government securities.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Government issues Treasury Bills and dated securities.<\/li>\n\n\n\n<li>Excess liquidity is absorbed.<\/li>\n\n\n\n<li>Used in exceptional situations.<\/li>\n\n\n\n<li>Helped during demonetisation to withdraw excess money.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-repo-rate\"><span class=\"ez-toc-section\" id=\"What_is_Repo_Rate\"><\/span>What is Repo Rate?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Repo Rate is the interest rate at which RBI lends short-term funds to commercial banks against Government securities.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Repo Rate Increase<\/strong><\/td><td><strong>Repo Rate Decrease<\/strong><\/td><\/tr><tr><td>Loans become costly<\/td><td>Loans become cheaper<\/td><\/tr><tr><td>Borrowing reduces<\/td><td>Borrowing increases<\/td><\/tr><tr><td>Inflation reduces<\/td><td>Investment increases<\/td><\/tr><tr><td>Money supply decreases<\/td><td>Money supply increases<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-reverse-repo-rate\"><span class=\"ez-toc-section\" id=\"What_is_Reverse_Repo_Rate\"><\/span>What is Reverse Repo Rate?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Reverse Repo Rate is the interest rate at which RBI borrows money from commercial banks. It helps absorb excess liquidity from the banking system.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Banks park excess money with RBI.<\/li>\n\n\n\n<li>Higher Reverse Repo attracts more bank deposits.<\/li>\n\n\n\n<li>Reduces liquidity in the economy.<\/li>\n\n\n\n<li>Helps control inflation.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-variable-rate-reverse-repo-vrrr\"><span class=\"ez-toc-section\" id=\"What_is_Variable_Rate_Reverse_Repo_VRRR\"><\/span>What is Variable Rate Reverse Repo (VRRR)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Variable Rate Reverse Repo allows banks to deposit money with RBI through auctions at market-based interest rates instead of a fixed rate.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Market-based interest rate.<\/li>\n\n\n\n<li>Helps absorb excess liquidity.<\/li>\n\n\n\n<li>Normally conducted for 7 to 28 days.<\/li>\n\n\n\n<li>Supports liquidity management.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-study-material\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Study Material<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-open-market-operations-omo\"><span class=\"ez-toc-section\" id=\"What_are_Open_Market_Operations_OMO\"><\/span>What are Open Market Operations (OMO)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Open Market Operations are the purchase and sale of Government securities by RBI in the open market.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>RBI Action<\/strong><\/td><td><strong>Impact<\/strong><\/td><\/tr><tr><td>Purchases Government securities<\/td><td>Injects liquidity<\/td><\/tr><tr><td>Sells Government securities<\/td><td>Absorbs liquidity<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-refinance-facility\"><span class=\"ez-toc-section\" id=\"What_is_the_Refinance_Facility\"><\/span>What is the Refinance Facility?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Refinance Facility allows RBI to provide funds to banks for lending to specific productive sectors.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Agriculture<\/li>\n\n\n\n<li>Exports<\/li>\n\n\n\n<li>Small industries<\/li>\n\n\n\n<li>Rural finance<\/li>\n\n\n\n<li>Micro enterprises<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-liquidity-adjustment-facility-laf\"><span class=\"ez-toc-section\" id=\"What_is_the_Liquidity_Adjustment_Facility_LAF\"><\/span>What is the Liquidity Adjustment Facility (LAF)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Liquidity Adjustment Facility is RBI&#8217;s daily mechanism for managing short-term liquidity in the banking system through Repo and Reverse Repo operations.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Major components<\/strong>\n<ul class=\"wp-block-list\">\n<li>Repo Rate<\/li>\n\n\n\n<li>Reverse Repo Rate<\/li>\n\n\n\n<li>Standing Deposit Facility<\/li>\n\n\n\n<li>Marginal Standing Facility<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Benefits<\/strong>\n<ul class=\"wp-block-list\">\n<li>Daily liquidity management.<\/li>\n\n\n\n<li>Stabilises short-term interest rates.<\/li>\n\n\n\n<li>Supports monetary policy implementation.<\/li>\n\n\n\n<li>Helps control inflation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-monetary-policy-committee-mpc\"><span class=\"ez-toc-section\" id=\"What_is_the_Monetary_Policy_Committee_MPC\"><\/span>What is the Monetary Policy Committee (MPC)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Monetary Policy Committee is responsible for deciding India&#8217;s monetary policy, especially the policy Repo Rate.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Total Members<\/td><td>6<\/td><\/tr><tr><td>Chairperson<\/td><td>RBI Governor<\/td><\/tr><tr><td>Meetings<\/td><td>Minimum four times every year<\/td><\/tr><tr><td>Voting<\/td><td>Each member has one vote<\/td><\/tr><tr><td>Casting Vote<\/td><td>RBI Governor in case of a tie<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-inflation-targeting\"><span class=\"ez-toc-section\" id=\"What_is_Inflation_Targeting\"><\/span>What is Inflation Targeting?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India follows a flexible inflation targeting framework where the inflation target is fixed at <strong>4% with a tolerance band of \u00b12%<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Target inflation: 4%<\/li>\n\n\n\n<li>Lower limit: 2%<\/li>\n\n\n\n<li>Upper limit: 6%<\/li>\n<\/ul>\n\n\n\n<p>If inflation remains above 6% or below 2% for three consecutive quarters, RBI is considered to have failed to achieve the target and must explain the reasons along with corrective measures.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-previous-year-papers\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt JAIIB Previous Year Papers Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-fiscal-policy\"><span class=\"ez-toc-section\" id=\"What_is_Fiscal_Policy\"><\/span>What is Fiscal Policy?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fiscal Policy refers to the Government&#8217;s policy related to taxation and public expenditure. The Government uses fiscal policy to increase economic growth, employment and investment while maintaining stability in the economy.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Controlled by<\/strong><\/td><td><strong>Government of India<\/strong><\/td><\/tr><tr><td>Main Tools<\/td><td>Taxation and Government Expenditure<\/td><\/tr><tr><td>Main Goal<\/td><td>Economic growth and stability<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-fiscal-policy\"><span class=\"ez-toc-section\" id=\"What_are_the_types_of_Fiscal_Policy\"><\/span>What are the types of Fiscal Policy?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fiscal Policy is also divided into expansionary and contractionary policy.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Expansionary Fiscal Policy<\/strong>\n<ul class=\"wp-block-list\">\n<li>Government spending increases.<\/li>\n\n\n\n<li>Taxes are reduced.<\/li>\n\n\n\n<li>Purchasing power rises.<\/li>\n\n\n\n<li>Economic activity improves.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Contractionary Fiscal Policy<\/strong>\n<ul class=\"wp-block-list\">\n<li>Taxes increase.<\/li>\n\n\n\n<li>Government spending decreases.<\/li>\n\n\n\n<li>Demand falls.<\/li>\n\n\n\n<li>Inflation is controlled.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Type<\/strong><\/td><td><strong>Government Action<\/strong><\/td><td><strong>Result<\/strong><\/td><\/tr><tr><td>Expansionary Fiscal Policy<\/td><td>Increase spending and reduce taxes<\/td><td>Higher demand and growth<\/td><\/tr><tr><td>Contractionary Fiscal Policy<\/td><td>Reduce spending and increase taxes<\/td><td>Lower inflation<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-frbm-act\"><span class=\"ez-toc-section\" id=\"What_is_the_FRBM_Act\"><\/span>What is the FRBM Act?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Fiscal Responsibility and Budget Management (FRBM) Act was enacted in 2003 and came into force in 2004. Its main purpose is to improve fiscal discipline and reduce fiscal deficit.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Objective<\/strong><\/td><td><strong>Purpose<\/strong><\/td><\/tr><tr><td>Fiscal discipline<\/td><td>Responsible Government borrowing<\/td><\/tr><tr><td>Debt management<\/td><td>Control public debt<\/td><\/tr><tr><td>Transparency<\/td><td>Better fiscal reporting<\/td><\/tr><tr><td>Deficit reduction<\/td><td>Sustainable economic growth<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-were-the-recommendations-of-the-n-k-singh-committee\"><span class=\"ez-toc-section\" id=\"What_were_the_recommendations_of_the_N_K_Singh_Committee\"><\/span>What were the recommendations of the N. K. Singh Committee?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The committee reviewed the FRBM framework and suggested improvements for better fiscal management.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Debt should become the primary fiscal target.<\/li>\n\n\n\n<li>Debt-to-GDP ratio target should be 60%.<\/li>\n\n\n\n<li>Centre should maintain around 40%.<\/li>\n\n\n\n<li>States should maintain around 20%.<\/li>\n\n\n\n<li>Independent Fiscal Council should be created.<\/li>\n\n\n\n<li>Improve fiscal forecasting.<\/li>\n\n\n\n<li>Increase transparency.<\/li>\n\n\n\n<li>Allow limited deviation only during exceptional situations such as war or natural disasters.<\/li>\n<\/ul>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-module-wise-study-guide\/?ref=contac-jieifs-mfp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Mind Map PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-coordination-between-monetary-policy-and-fiscal-policy-important\"><span class=\"ez-toc-section\" id=\"Why_is_coordination_between_Monetary_Policy_and_Fiscal_Policy_important\"><\/span>Why is coordination between Monetary Policy and Fiscal Policy important?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Both policies work together to achieve stable economic growth. If RBI follows one policy while the Government follows the opposite policy, the overall economic impact becomes weaker.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Better inflation control.<\/li>\n\n\n\n<li>Higher economic growth.<\/li>\n\n\n\n<li>Stable employment.<\/li>\n\n\n\n<li>Balanced money supply.<\/li>\n\n\n\n<li>Improved investor confidence.<\/li>\n\n\n\n<li>Stronger financial system.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1783002349160\"><strong class=\"schema-faq-question\">1. What is Monetary Policy?<\/strong> <p class=\"schema-faq-answer\">Monetary Policy is the RBI&#8217;s policy to control money supply, credit, and interest rates in the economy.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783002349980\"><strong class=\"schema-faq-question\">2. What is Fiscal Policy?<\/strong> <p class=\"schema-faq-answer\">Fiscal Policy is the Government&#8217;s policy of managing taxation and public expenditure to achieve economic growth and stability.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783002350649\"><strong class=\"schema-faq-question\">3. What is the main objective of Monetary Policy?<\/strong> <p class=\"schema-faq-answer\">The main objective is to maintain price stability while supporting economic growth.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783002351208\"><strong class=\"schema-faq-question\">4. What is the Repo Rate?<\/strong> <p class=\"schema-faq-answer\">Repo Rate is the interest rate at which RBI lends short-term funds to commercial banks against Government securities.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1783002351692\"><strong class=\"schema-faq-question\">5. What is the difference between CRR and SLR?<\/strong> <p class=\"schema-faq-answer\">CRR is the cash reserve maintained with RBI, while SLR is the liquid assets maintained by banks themselves.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-rbwm-study-material\/\">JAIIB RBWM Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-afm-study-material\/\">JAIIB AFM Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ppb-study-material\/\">JAIIB PPB Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-study-material\/\">JAIIB IE &amp; IFS Study Material, Download Notes and Quiz PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/\">Attempt JAIIB IE &amp; IFS Monetary and Fiscal Policy Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-business-cycle\/\">Attempt JAIIB IE &amp; IFS Business Cycle Practice Quiz &amp; Download PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Monetary and Fiscal Policy is one of the most important topics in the JAIIB Indian Economy &amp; Indian Financial System<\/p>\n","protected":false},"author":58,"featured_media":246766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10353],"tags":[],"class_list":["post-246765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaiib","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt JAIIB IE &amp; IFS Monetary and Fiscal Policy Quiz &amp; Download PDF<\/title>\n<meta name=\"description\" content=\"Understand JAIIB IE &amp; IFS Monetary and Fiscal Policy with this essential guide and enhance your knowledge for better exam results.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attempt JAIIB IE &amp; IFS Monetary and Fiscal Policy Quiz &amp; Download PDF\" \/>\n<meta property=\"og:description\" content=\"Monetary and Fiscal Policy is one of the most important topics in the JAIIB Indian Economy &amp; Indian Financial System (IE &amp; IFS) paper. Every year,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-02T14:50:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-02T14:50:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/07\/IIBF-1-3.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AditiOB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/\"},\"author\":{\"name\":\"AditiOB\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\"},\"headline\":\"Attempt JAIIB IE &amp; 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#faq-question-1783002349160\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#faq-question-1783002349160\",\"name\":\"1. What is Monetary Policy?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Monetary Policy is the RBI's policy to control money supply, credit, and interest rates in the economy.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#faq-question-1783002349980\",\"position\":2,\"url\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#faq-question-1783002349980\",\"name\":\"2. What is Fiscal Policy?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Fiscal Policy is the Government's policy of managing taxation and public expenditure to achieve economic growth and stability.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#faq-question-1783002350649\",\"position\":3,\"url\":\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-monetary-and-fiscal-policy\/#faq-question-1783002350649\",\"name\":\"3. 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