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Which of the following statements is correct?a)India follows a fixed inflation targeting frameworkb)The inflation target is set by the Monetary Policy Committee every 5 years.c)Average inflation above the upper tolerance level for three consecutive quarters constitutes failure in achieving the inflation target.d)Average inflation below than lower tolerance level for three consecutive quarters constitutes success in achieving the inflation target.Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correct?a)India follows a fixed inflation targeting frameworkb)The inflation target is set by the Monetary Policy Committee every 5 years.c)Average inflation above the upper tolerance level for three consecutive quarters constitutes failure in achieving the inflation target.d)Average inflation below than lower tolerance level for three consecutive quarters constitutes success in achieving the inflation target.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correct?a)India follows a fixed inflation targeting frameworkb)The inflation target is set by the Monetary Policy Committee every 5 years.c)Average inflation above the upper tolerance level for three consecutive quarters constitutes failure in achieving the inflation target.d)Average inflation below than lower tolerance level for three consecutive quarters constitutes success in achieving the inflation target.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Which of the following statements is correct?a)India follows a fixed inflation targeting frameworkb)The inflation target is set by the Monetary Policy Committee every 5 years.c)Average inflation above the upper tolerance level for three consecutive quarters constitutes failure in achieving the inflation target.d)Average inflation below than lower tolerance level for three consecutive quarters constitutes success in achieving the inflation target.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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