Saturday, June 6, 2015

Day 48 - Questions


Day 48 - Inflation Targeting

( Inflation Targeting )


Recommended Study links - (Go through these topics before attempting MCQs)


1.  Inflation targeting refers to -
a.  explicit declaration of central bank to keep inflation within the limit
b.  explicit declaration of government to keep inflation within the limit
c.  internal target of central bank to keep inflation within the limit, but without explicit declaration
d.  internal target of government to keep inflation within the limit, but without explicit declaration

2.  Inflation Targeting in India is based on -
a.  WPI-based Inflation
b.  CPI-based Inflation
c.  PPI-based Inflation
d.  None of the above

3.  What is the Inflation target of RBI for the period up to January 2016?
a.  below 4 %
b.  below 5 %
c.  below 6 %
d.  none of the above

4.  What is the Inflation target of RBI for the period starting from FY 2016-17?
a.  4 % (+/- 2 %)
b.  4 % (+/- 1 %)
c.  3 % (+/- 2 %)
d.  3 % (+/- 1 %)

5.  Inflation Targeting of RBI is recommended by which of the following Committee?
a.  Usha Thorat committee
b.  Urjit Patel committee
c.  Chakravarty committee
d.  none of the above


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