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The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth. Price stability is a necessary precondition to sustainable growth. In May 2016; the Reserve Bank of India (RBI) Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting framework. The amended RBI Act also provides for the inflation target to be set by the Government of India, in consultation with the Reserve Bank, once in every 5 years. Accordingly, the Central Government has notified in the Official Gazette 4 % Consumer Price Index (CPI) inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 % and the lower tolerance limit of 2%
The total income of 'P' and 'Q' is Rs. 2,00,000. 'P' spends 55% of his income, while 'Q' spends 80% of her income, such that the savings of 'Q' are Rs. ...
Monthly income of A is Rs. 85000 out of which he spent 25%, 18% and 24% of his total income in rent, medicine and transportation, respectively. Find his...
A student multiplied a number by 4/5 instead of 5/4. What is the percentage error in the calculation?
The number of boys and girls in a school is 120 and 200 respectively. 25% of boys left the school while 40 girls took admission in the school. Find the ...
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In an examination, Maya scored 42 marks less than Priya. Priya scored 30 more marks than Rohit. Neel scored 90 marks which is 25 marks more than Maya. T...
If (p + 15)% of 240 is 30 more than the p% of 300, then find the value of 20% of (p + 10.5).
Ganesh gives 30% of her salary to his wife, 12% of the remaining amount to his children and 10% of the remaining to his parents. If has given a total am...