As per the recent Monetary Policy Committee meeting CPI inflation eased year on year y oy during May...........

Current GK (NABARD) Money Supply and Monetary Policy

As per the recent Monetary Policy Committee meeting, CPI inflation eased (year-on-year, y-oy) during May-June 2022, although it persists above the upper tolerance band. what is the Upper Tolerance level as per the monetary policy committee?

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Nabard grade-A,Previous year Memory Based Paper (2022)

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Explanation:

Correct option 3: 6%

As per the Reserve Bank of India's (RBI) monetary policy framework, the upper tolerance level for Consumer Price Index (CPI) inflation is set at 6%. This is part of a flexible inflation targeting system where the target inflation rate is 4%, with a lower tolerance level of 2% and an upper tolerance level of 6%. This framework was established to maintain price stability while supporting economic growth.