Variable Rate Repo MCQ — 1 Practice Questions with Answers

Variable Rate Repo is a Indian Economy topic in the RAS/RPSC syllabus. This page gathers exam-style Variable Rate Repo multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 1 Variable Rate Repo multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Indian Economy

Reviewed by: Aspirant Academy Editorial Team

Q1. Consider the following statements regarding the Variable Rate Repo (VRR) auction conducted by the RBI on 18 May 2026: 1. In a VRR operation, the interest rate is fixed by the RBI in advance and is the same for all banks. 2. The seven-day VRR auction was worth Rs 1 trillion and was aimed at managing liquidity in the banking system. Which of the statements given above is/are correct?

A 1 only

B Both 1 and 2

C 2 only Correct

D Neither 1 nor 2

Explanation

Statement 1 is incorrect: in a VRR operation the rate is market-determined through an auction of bids, not fixed in advance (that would be a fixed-rate repo). Statement 2 is correct: the seven-day VRR auction on 18 May 2026 was worth Rs 1 trillion to manage banking-system liquidity.

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Yes, every Variable Rate Repo question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

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Variable Rate Repo falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

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