Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act. The primary objective of the RBI’s monetary policy is to maintain price stability while keeping in mind the objective of growth. Price stability is a necessary precondition to sustainable growth. The amended RBI Act, 1934 also provides for the inflation target (4% +-2%) to be set by the Government of India, in consultation with the Reserve Bank, once in every five years. Hence the floor inflation rate is 2%. MPC is constituted by the Central Government.
The second five year plan (1956-61) of India was based on the model of which of the following person?
For measuring the poverty line in India, what is the accepted average calorie intake in rural areas?
The pH of a neutral solution is _________ on the pH scale.
What is the atomic number of helium?
The Monetary Policy Committee (MPC) at its meeting in December 7, 202 decided to increase the Bank Rate to how much Basis point/percent?
As on 14 July 2020, who among the following became the sixth richest man in the worldafter surpassing Alphabet Co- founder Larry Page, according to da...
When did the RTI Act come into effect?
With effect from February 4, 2020, the Deposit Insurance and Credit Guarantee Corporation (DICGC) increased the insurance cover for depositors in insure...
Disputes between two or more states come under the ________________ of the Supreme Court.
Which of the following elements has the highest thermal conductivity of any element and the highest light reflectance?
