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Monetary Policy Framework Agreement
With reference to the Monetary Policy Framework Agreement of the Reserve Bank of India, consider the following statements:
- The Government of India and Reserve Bank of India signed a Monetary Policy Framework Agreement in 2014.
- The objective of monetary policy framework is to primarily maintain price stability, while keeping in mind the objective of growth.
- As per the agreement, RBI would set the policy interest rates and would aim to bring inflation below 6 per cent by January 2016 and within 4 percent with a band of (+/-) 2 per cent for 2016-17 and all subsequent years.
Choose the incorrect statement(s) from the options given below:
A |
Only 1
|
|
B |
2 and 3
|
|
C |
Only 3
|
|
D |
1 and 3
|
Your Ans is
Right ans is A
Your Answer Is Correct
Your Answer Is Wrong
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