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    Question

    In India, who sets the inflation target for the country?

    A Reserve Bank of India Correct Answer Incorrect Answer
    B Ministry of Finance Correct Answer Incorrect Answer
    C Government of India Correct Answer Incorrect Answer
    D Both RBI and GOI Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Based on RBI Act, 1934 both Government of India and RBI together sets the inflation target for the country for a period of 5 years.

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