Economics · Inflation and Monetary Policy
Consider the following statements: Statement I: Core inflation excludes food and fuel prices, and it reflects underlying demand-side pressures in the economy. Statement II: The Monetary Policy Committee of India primarily targets core inflation for deciding repo rate changes. Statement III: The RBI's inflation target band is 2-6% with 4% as the midpoint under the Flexible Inflation Targeting framework. Which one of the following options correctly identifies the true statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I, Statement II and Statement III
- 2Statement I and Statement III only✓
- 3Statement II and Statement III only
- 4Statement I and Statement II only
Correct answer
Statement I and Statement III only
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