Question
Download Solution PDFThe primary purpose of the RBI monetary policy is to maintain:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is price stability.
Key Points
- The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.
- Price stability is a necessary precondition to sustainable growth.
- Inflation-Targeting means to control price or to maintain price stability.
- Inflation target to be set by the Government of India, in consultation with the RBI, once in every five years.
- The inflation target of monetary policy is 4% Consumer Price Index with an upper tolerance limit 6% and lower tolerance limit of 2%.
Last updated on Jun 6, 2025
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