Multiple Choice Questions on What is RBIs quot Inflation Band quot in terms of Consumer Price Index CPI New Series ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

What is RBIs quot Inflation Band quot in terms of Consumer Price Index CPI New Series ........

Economic Affairs Inflation
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    What is RBI's "Inflation Band" in terms of Consumer Price Index (CPI)- New Series?

    2-4%

    Incorrect Answer

    3-5%

    Incorrect Answer

    2-6%

    Correct Answer

    4-6%

    Incorrect Answer
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    Explanation:

    2-6%

    • The decision of the MPC is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.

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