Multiple Choice Questions on Which of the following is not recommended by ldquo Urjit R Patel committee rdquo in its report to Re........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following is not recommended by ldquo Urjit R Patel committee rdquo in its report to Re...........

Economic Affairs Money Supply and Monetary Policy
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    Which of the following is not recommended by “Urjit R. Patel committee” in its report to Revise and Strengthen the Monetary Policy Framework?

    Consumer Price Index (CPI) should be used as the measure of the nominal anchor for policy framework

    Incorrect Answer

    Target of 4 per cent inflation with a band of +/- 2 per cent

    Incorrect Answer

    Role of Finance ministry should be limited in monetary policy regulations

    Correct Answer

    Fiscal deficit as a ratio to Gross Domestic Product should be brought down to 3.0 per cent

    Incorrect Answer
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    Explanation:

    option 3rd is incorrect. Role of Finance ministry should be limited in monetary policy regulations was not the recommendation of “Urjit R. Patel committee” in its report to Revise and Strengthen the Monetary Policy Framework.

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