For its inflation target, the RBI uses

Indian Economy and Banking · Economic & Social Development · Hard · Practice for UPSC CSE GS 1

For its inflation target, the RBI uses

Consumer Price Index (Combined)
GDP deflator
Wholesale Price Index
Producer Price Index

Answer and solution

Correct answer: A) Consumer Price Index (Combined)

The flexible inflation targeting framework adopted CPI-Combined.

Learn the method: Indian Economy and Banking rules and worked examples · UPSC CSE GS 1 Economic & Social Development

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