Who is responsible for determining the inflation target for the RBI under the Monetary Policy Framework?

CA Foundation · Business Economics · PYQS · January 2026
Who is responsible for determining the inflation target for the RBI under the Monetary Policy Framework?
(A) A. RBI independently
(B) B. The Central Government in collaboration with the RBI
(C) C. The Finance Ministry
(D) D. The Monetary Policy Committee

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. The Central Government in collaboration with the RBI

Topics: Money Market

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