Which of the following is a major objective of monetary policy in India?
A. Maintaining price stability while keeping in mind the objective of growth
B. Promoting only imports
C. Maximising inflation
D. Maximising the fiscal deficit
Answer: Option A
Solution (By JKSSB Mock Tests)
Under the Monetary Policy Framework Agreement, the primary objective of the RBI is to maintain price stability while keeping in mind the objective of growth.
Explanation:
In classical economics, economic rent is the payment made for the use of land (or other resources in fixed supply) that arises due to its scarcity and differential fertility.
Explanation:
Tobin's q is the ratio of the market value of a firm's capital to the replacement cost of that capital. Investment is encouraged when q > 1 and discouraged when q < 1.
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