Current Affairs · Banking and Finance
The Union government, in consultation with the RBI, fixes the inflation target for the central bank every five years. What is the upper tolerance level of inflation, and after how many consecutive quarters of breach must the RBI submit a report explaining the failure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 16.0%, three consecutive quarters✓
- 26.0%, two consecutive quarters
- 35.0%, two consecutive quarters
- 44.0%, three consecutive quarters
Correct answer
6.0%, three consecutive quarters
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