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According to the third bi-monthly monetary policy review by the Reserve Bank of India, the inflation in India in 2019-20 can rise up to a level of -
4 per cent
5 per cent
6 per cent
7 per cent
None of the above
- In the third bi-monthly monetary policy review of 2019-20, the Reserve Bank of India (RBI) analyzed inflation trends.
- Option 1: 4 per cent - Generally, this level is comfortable for India's inflation target.
- Option 2: 5 per cent - Slightly above the mid-point of RBI's target range but manageable.
- Option 3: 6 per cent - Often considered the upper threshold of RBI's target range.
- Option 4: 7 per cent - Typically considered high and a cause for concern regarding purchasing power.
- Option 5: None of the above - Indicates a prediction outside these presented values.
The correct option is 6 per cent (Option 3) as it matches the upper bound concern indicated by RBI.
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