2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4.5%
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6.5%
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3.5%
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5.5%
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Detailed explanation-1: -All India HPI recorded an annual growth (y-o-y) of 3.5 per cent in Q1:2022-23 as compared with 1.8 per cent in the previous quarter and 2.0 per cent a year ago; the y-o-y movements in HPI varied widely across the cities - ranging from a growth of 16.0 per cent (Kolkata) to a contraction of 4.0 per cent (Bengaluru).
Detailed explanation-2: -By current projections, inflation is forecast to average 6.7 per cent in 2022-23 and 5.2 per cent in the first half of 2023-24.
Detailed explanation-3: -Professional forecasters surveyed by the Reserve Bank in September 2022 expected CPI inflation to soften from 7.3 per cent in Q1:2022-23, to 6.0 per cent in Q4, and 4.9-5.0 per cent in H1:2023-24 (Chart I.
Detailed explanation-4: -On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (September 30, 2022) decided to: Increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 5.90 per cent with immediate effect.
Detailed explanation-5: -The base year for calculation of HPI is 2010-2011. These indices are based on official data on property price transactions collected from the respective state governments’ registration authorities.