Which of the following is a major objective of monetary policy in India?
A. Maximising the fiscal deficit
B. Maintaining price stability while keeping in mind the objective of growth
C. Promoting only imports
D. Maximising inflation
Answer: Option B
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.
No comments yet. Be the first to start the discussion!