📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    Question

    Which of the following methods is used to control

    inflation in India?
    A Welfare Schemes by Government of India only Correct Answer Incorrect Answer
    B National Banks increase interest rates Correct Answer Incorrect Answer
    C Decreased money circulation Correct Answer Incorrect Answer
    D Increased money circulation Correct Answer Incorrect Answer

    Solution

    Inflation is closely related to interest rates, which can influence exchange rates. When inflation is high, RBI will increaseinterestrates inordertobringinflationbackintoanacceptablerange. As a result money circulation is reduced in the economy.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call