Economics · Economy
Consider the following statements: Statement I: In India, the Central Government determines the inflation target, in consultation with the Reserve Bank of India, in terms of the Consumer Price Index once in five years. Statement II: At present, the Monetary Policy framework in India is operated by the Central Government. Which of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I
- 2Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I
- 3Statement I is correct but Statement II is incorrect✓
- 4Statement I is incorrect but Statement II is correct
Correct answer
Statement I is correct but Statement II is incorrect
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