2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mumbai
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Kolkata
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Pune
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Lucknow
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Detailed explanation-1: -1 The conduct of monetary policy in 2019-20 was guided by the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent with a tolerance band of +/- 2 per cent, while supporting growth.
Detailed explanation-2: -22. Turning to the growth outlook, real GDP growth for 2019-20 was projected in the December 2019 policy at 5.0 per cent – 4.9-5.5 per cent in H2. GDP growth for H1:2020-21 was projected at 5.9-6.3 per cent. For 2020- 21, the growth outlook will be influenced by several factors.
Detailed explanation-3: -Recent Trends in Retail Inflation 5.4 The average retail inflation which was 4.8 per cent in 2019-20, inched up to 6.2 per cent in 2020-21, on account of COVID-19 related supply chain disruptions and stalled economic activity due to lockdown.
Detailed explanation-4: -The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on September 28-30, 2022 , and released the 4th RBI’s bi-monthly monetary policy of FY23 which decreased India’s Gross Domestic Product (GDP) growth for FY23 to 7% from 7.2% with FY23’s Q2 at 6.3%; Q3 at 4.6%; and Q4 at 4.6%.