General Studies · Monetary Policy
Under the Flexible Inflation Targeting (FIT) framework in India, what is the mid-point target inflation rate set for the RBI, along with its tolerance band?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 15% with a tolerance band of ± 2%
- 24% with a tolerance band of ± 2%✓
- 33% with a tolerance band of ± 1%
- 42% with a tolerance band of ± 2%
Correct answer
4% with a tolerance band of ± 2%
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