mppsc 2025-2025 Central banks like the Reserve Bank of India (RBI) formulate monetary policy primarily to control inflation (price stability) as a prerequisite for sustainable economic growth. While supporting growth is also an objective, it is often pursued in conjunction with or after ensuring price stability.
What is the primary objective of the Monetary Policy ?
Asked in MPPSC CS Prelims 2025 · Topic: Money & Banking (Monetary Policy: Objectives, Instruments (quantitative and qualitative), and Transmission Mechanism)
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Answer: B. Maintain price stability while ensuring economic growth
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