Question

    What is the Reserve Bank of India’s (RBI) inflation

    target, including its tolerance band?
    A 1.33% ± 2% Correct Answer Incorrect Answer
    B 2% ± 1% Correct Answer Incorrect Answer
    C 4% ± 2% (2%–6%) Correct Answer Incorrect Answer
    D 5% ± 2% Correct Answer Incorrect Answer
    E 7.2% ± 0.5% Correct Answer Incorrect Answer

    Solution

    The RBI’s inflation target is 4%, with a tolerance band of ±2%, meaning the acceptable inflation range is 2%–6%.

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