Economics · Economy
Consider the following statements regarding inflation measurement and monetary policy in India: I. The weights assigned to items in the Consumer Price Index (CPI) are automatically adjusted every year in line with current price changes. II. The Reserve Bank of India is mandated to target CPI inflation at 4%, with a tolerance band of 2% to 6%. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II
- 3II only✓
- 4I only
Correct answer
II only
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