Home › IBPS Clerk › Banking Awareness › RBI Basics › The inflation target is set in terms of which in…
The inflation target is set in terms of which index?
AConsumer Price
BCommodity Price
CCorporate Price
DComposite Price
Answer & Solution
Correct answer: A. Consumer Price
1. The Central Government sets it with the Bank.
2. It is notified in the Official Gazette.
3. It is expressed in the Consumer Price Index.
_Source: The Reserve Bank of India Act, 1934 (India Code)_
Related questions
Which training institute is part of the Reserve Bank?Under 'Banker to banks', RBI maintains banking accounts of all:Coins are minted by the Government of India and put into circulation by:The Deposit Insurance and Credit Guarantee Corporation Act was passed in:The NABARD Act is of the year:The Regional Rural Banks Act was passed in:The Foreign Exchange Management Act, managed by RBI, is of the year:The Credit Information Companies (Regulation) Act was passed in: