The inflation target set for the RBI is

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

The inflation target set for the RBI is

5% with a band of ±1%
4% with a band of ±2%
3% with a band of ±1%
6% with no band

Answer and solution

Correct answer: B) 4% with a band of ±2%

Under the amended RBI Act, 1934.

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

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