Question
Consider the following Statements. (I) The
primary objective of the RBI’s monetary policy is to maintain price stability while keeping in mind the objective of growth. (II) RBI Act, 1934 provides the floor inflation rate at 4%. (III) The Monetary Policy committee is formed by the RBI as per the provisions of RBI Act.Solution
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.
Fill in the blanks with the appropriate antonym of the word in Italic from the options given:
The atmosphere at the party was boisterous , b...
- Choose the alternative which can replace the bold word without changing the meaning of the sentence.
The medication had a noxious effect on his hea... Select the option which is the antonym of the given word.
FRAIL
His eloquence was evident in his speech.
Speaking or performing without preparation
- Select the most appropriate ANTONYM of the bold word.
The company managed to thrive in a competitive market, outshining its competitors.
... Choose the synonym of the given word.
ESOTERIC
Sharma Uncle said to my father , “It has been raining heavily and I cannot go.”
In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in ...
Something which is likely to decay quickly
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