The 'monetary policy framework' in India legally mandates RBI to target: MCQ with Answer and Explanation

Question

Share Report Error

The 'monetary policy framework' in India legally mandates RBI to target:

A. GDP growth

B. exchange rate

C. consumer price inflation

D. fiscal deficit

Answer: Option C

Solution (By JKSSB Mock Tests)

The RBI's monetary policy framework targets consumer price inflation.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Real GDP differs from nominal GDP because real GDP:

A. includes depreciation

B. includes indirect taxes

C. is measured at current year prices

D. is measured at base year prices

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Real GDP is valued at constant base year prices to remove the effect of inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is not a member of the NITI Aayog Governing Council?

A. Chief Ministers of states

B. Lieutenant Governors of union territories

C. RBI Governor

D. Prime Minister

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The RBI Governor is not a member of the NITI Aayog Governing Council.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on software services is:

A. 5%

B. 12%

C. 28%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Software services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs