India adopted a flexible inflation targeting framework by amending the Reserve Bank of India Act,
Which of the following fixed the four percent inflation target in India with tolerance level of +/- 2 percent for the period 2016 to 2021 ?
Asked in RPSC RAS Prelims 2018 · Topic: Money & Banking (Inflation: Types, Causes, Effects, and Monetary Policy Responses)
More Economic Development questions
- Under this framework, the inflation target is set by the Government of India in consultation with the Reserve Bank of India. 352. Assertion (A) : Cost push inflation is caused by shift in aggregate supply curve. Reason (R) : Shift in aggregate supply curve takes place because of increase in wages.
- Consider the following statements regarding inflation : Statement (A) : Head-line inflation refers to the rate of change in the Consumer Price Index Number, a measure of the average price of a standard basket of goods and services consumed by a typical family. Statement (B) : Core inflation measures the change in average consumer prices after excluding from the Consumer Price Index certain items of volatile prices such as food and fuel. Of these statements,
- Which of the following statements is/are correct in respect of inflation in India ?
- Inflation adversely affects
- Assertion [A]: When price decreases, purchasing power increases, and vice versa. Reason [R]: When the production of goods decline, the price of goods increases and then the purchasing power is affected.
- The Phillips Curve represents relationship between :
- Which of the following economists propagated the Pure Monetary Theory of Trade Cycle ?
- A measure of the total inflation within an economy, including such as food and energy prices is called