BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is/are objective(s) of our Monetary Policy?
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Only 1
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Only 2
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1 and 3
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All of the above
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Explanation:
Detailed explanation-1: -Under the Reserve Bank of India, Act, 1934 (RBI Act, 1934) (as amended in 2016), RBI is entrusted with the responsibility of conducting monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth.
Detailed explanation-2: -Central banks use monetary policy to manage economic fluctuations and achieve price stability, which means that inflation is low and stable.
There is 1 question to complete.