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. Maximising inflation
C. Promoting only imports
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:
SDRs are international reserve assets that can be exchanged for freely usable currencies and used in transactions among IMF members and prescribed holders.
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