As per the RBI Act, in case of failure to maintain inflation target for how many quarters?
Published at : November 04, 2022
As per the RBI Act, the central bank has to send a report to the Government, in case of failure to maintain inflation target for how many quarters?
[A] Two
[B] Three
[C] Four
[D] Five
Correct Answer: B [Three]
Notes:
Under section 45ZN of the RBI Act, the central bank is required to submit a report to the government explaining the reasons and remedial actions it would take,
in case of failure to maintain its inflation target for three consecutive quarters.
For the first time since the implementation of the monetary policy framework in 2016,
the central bank has called a special meeting of the Monetary Policy Committee (MPC).
It will submit a report to the government, as the retail inflation rate is above six per cent target for three consecutive quarters from January 2022.
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[A] Two
[B] Three
[C] Four
[D] Five
Correct Answer: B [Three]
Notes:
Under section 45ZN of the RBI Act, the central bank is required to submit a report to the government explaining the reasons and remedial actions it would take,
in case of failure to maintain its inflation target for three consecutive quarters.
For the first time since the implementation of the monetary policy framework in 2016,
the central bank has called a special meeting of the Monetary Policy Committee (MPC).
It will submit a report to the government, as the retail inflation rate is above six per cent target for three consecutive quarters from January 2022.
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#gkquestions,#gkquestionsandanswers,#gkquestion,#gkquestionanswer,#gkquestionandanswers,#gkquestioninhindi,#samanyagyaankequestion,#generalknowledgequestion,#quizquestions,#100gkquestions,#gkquestionsinenglish,#gkquestionandanswer,#generalknowledgequestionsandanswers,#triviaquestions,#indiaquizquestions,#iasinterviewquestions,#triviaquestionsforkids,#iasquestionsandanswers,#questions,#sscstenogkquestion
The channel has some of the best talent on its rolls.
Staying true to our motto, “There is a bit of everything for everybody”,
You Can Watch Our Videos And You Will Definetly Like It.
And If You Like It Please Share Those Videos With
Your Friends And Family So Make Sure To Subscribe
Our Channel And Hit That Bell Icon To Never Miss
Any Upload.
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