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      Question

      According to the RBI Governor, Consumer price

      index-based inflation is likely to average ________ in the next financial year and gross domestic product (GDP) growth is likely to stay above _______.
      A 3.4 percent ; 5 percent Correct Answer Incorrect Answer
      B 4.1 percent ; 6.1 percent Correct Answer Incorrect Answer
      C 5.7 percent ; 5.9 percent Correct Answer Incorrect Answer
      D 4.5 percent ; 7 percent Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Consumer price index-based inflation, the main yardstick for the Reserve Bank of India’s policy making, is likely to average 4.5 per cent in the next financial year and gross domestic product (GDP) growth is likely to stay above 7 per cent, according to RBI. 

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