Question

Which of the following fixed the four percent inflation target in India with tolerance level of +1- 2 percent for the period 2016 to 2021 ?(I) Reserve Bank of India(2) Government of India(3) NITI Aayog(4) Fourteenth Finance Commission

Answer 1

Hello,

The answer to the above question is option 2 i.e the Government of India fixed the four percent inflation target in India with tolerance level of +1- 2 percent for the period 2016 to 2021.

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Answer 2

Government of India after consulting monetary policy committee