Economics · Economy
With reference to the Indian economy, consider the following statements: 1. If the inflation is too high, the Reserve Bank of India (RBI) is likely to buy government securities. 2. If the rupee is rapidly depreciating, the RBI is likely to sell dollars in the market. 3. If interest rates in the USA or European Union were to fall, that is likely to induce the RBI to buy dollars. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 3 only
- 32 and 3 only✓
- 41 and 2 only
Correct answer
2 and 3 only
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