Central Government has notified in the Official Gazette.....CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Central Government has notified in the Official Gazette____CPI inflation as the target for the period from August 5, 2016 to March 31, 2021 with the upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.

A	4 percent
B	3 percent
C	5 percent
D	2 percent

Explanation:

Detailed explanation-1: -In August 2016, the central government notified 4 per cent CPI inflation as the target for the period from August 5, 2016, to March 31, 2021, with an upper tolerance limit of 6 per cent and the lower tolerance limit of 2 per cent.

Detailed explanation-2: -New Delhi [India], February 1 (ANI): The Economic Survey for 2022-23 notes that the measures taken by the government and Reserve Bank of India, besides the easing of global commodity prices, have managed to bring retail inflation below the Indian central bank’s upper tolerance band of 6 per cent.

Detailed explanation-3: -The median headline inflation rate projected by the RBI survey of Professional Forecasters conducted in November 2022 is at 6.6 per cent for Q3: FY 2022-23 and 6.1 per cent for Q4: FY 2022-23, with 6.7 per cent for the financial year as a whole.

Detailed explanation-4: -The Reserve Bank Of India(RBI) is statutorily obligated to target 4% CPI inflation.

Detailed explanation-5: -STICKY CORE INFLATION Some economists now expect inflation to remain above RBI’s upper tolerance band of 2%-6% for the next two months, forcing the central bank to continue its aggressive tightening cycle, hurting economic growth that had started to take root.

There is 1 question to complete.