GyanGram
ATTEMPT · INDIAN ECONOMY · PRELIMS 2022
In India, which one of the following is responsible for maintaining price stability by controlling inflation?
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In India, which one of the following is responsible for maintaining price stability by controlling inflation?
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• Correct Answer: D
• RBI is mandated under RBI Act, 1934 to maintain price stability; flexible inflation targeting (4% ±2%) was statutoryized in 2016.
• MPC sets policy rates to achieve the target; other bodies lack monetary policy tools.
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