Economics · Monetary Policy
Under the flexible inflation targeting framework, what is the primary objective of the Reserve Bank of India (RBI) in its conduct of monetary policy?
- 1To eliminate the corporate tax burden completely
- 2To keep the exchange rate of the Indian Rupee permanently fixed against the US Dollar
- 3To ensure absolute maximization of commercial banks' profits
- 4To maintain price stability while keeping in mind the objective of growth✓
Correct answer
To maintain price stability while keeping in mind the objective of growth
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