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Question
In India, which one of the following is responsible for maintaining price stability by controlling inflation ?
(a) Department of Consumer Affairs
(b) Expenditure Management Commission
(c) Financial Stability and Development Council
(d) Reserve Bank of India
Answer:
D
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Explanation:
As per the RBI act amendment of 2016, inflation control is the responsibility of RBI. Presently they are trying to control the inflation between 2 to 6% CPI (All India). Option (d) is correct.
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