Question
According to the Goldman Sachs report, the Reserve Bank
of India is currently in the second stage of liquidity tightening as part of its four-stage monetary policy normalization, while commenced with dovish comments from the Monetary Policy Committee members. In each question below, a sentence is given with a part of it printed in bold type. That part may contain a grammatical error. Each sentence is followed by phrases (A), (B), (C) and (D). Find out which phrase should replace the phrase given in bold to correct the error, if there is any, and to make the sentence grammatically meaningful and correct. If the sentence is correct as it is and ‘ No correction is required’ , mark (E) as the answer.Solution
Here, ‘which’ is correct, and ‘which’ refers to the second stage of liquidity tightening. According to the Goldman Sachs report, the Reserve Bank of India is currently in the second stage of liquidity tightening as part of its four-stage monetary policy normalization, which commenced with dovish comments from the Monetary Policy Committee members.
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