The Reserve of India (RBI), cuts repo rates by 75 bps to 4.4%, CRR by 100 bps to 3 percent. Also, it reduced Reverse Repo rate by 90 basis points. Thisdecision and the advancement of the MPC (meet) has been warranted by thedisruptive force of the coronavirus. “said Das adding the policy measure willmitigate the negative effects of virus and revive the situation. Afterall, it alldepends how India responds to the situation. a ) Cut in Reverse Repo rate by RBI is likely to ___________ (increase/ decrease)the overall liquidity available in the economy.b) Cut in Repo rate by RBI will help in correcting the situation of _____________.(inflation/deflation)c) Decrease in Cash Reserve Ratio will lead to ___________(a) Fall in money supply(b) No change in money supply(c) Rise in money supply(d) Fall in general price leveld) The Impact of ‘Deficient Demand’ under Keynesian Theory Income and Employment in aneconomy are:(a) Increase in income, output, employment and general price level.(b) Decrease in nominal income, but no change in real output. (c) No change in output, employment but increase in general price level. (d) Decrease in income, output, employment and general price level.​