Economics · Economy
Consider the following statements: Statement-I: In the post-pandemic period, many Central Banks worldwide carried out interest rate hikes. Statement-II: Central Banks generally assume that they have the ability to counteract rising consumer prices via monetary policy tools. Which one 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✓
- 2Statement-I is incorrect but Statement-II is correct
- 3Statement-I is correct but Statement-II is incorrect
- 4Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
Correct answer
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
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