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

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

A. exchange rate

B. consumer price inflation

C. fiscal deficit

D. GDP growth

Answer: Option B

Solution (By JKSSB Mock Tests)

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

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Kisan Credit Card' was introduced in which year?

A. 1998

B. 1995

C. 2001

D. 2005

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Correct Answer: Option A

Explanation:
Kisan Credit Card was introduced in 1998.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Financial Stability and Development Council' is chaired by:

A. Union Finance Minister

B. RBI Governor

C. Prime Minister

D. SEBI Chairman

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Correct Answer: Option A

Explanation:
The Financial Stability and Development Council is chaired by the Union Finance Minister.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'replacement level fertility' is generally considered to be about how many children per woman?

A. 4.0

B. 1.0

C. 3.0

D. 2.1

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Correct Answer: Option D

Explanation:
Replacement level fertility is about 2.1 children per woman.

This question belongs to: Economy GK Economy Set 1

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