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The inflation target is set by the Central Government in consultation with RBI once in every:
AFive years
BTwo years
CTen years
DSingle year
Answer & Solution
Correct answer: A. Five years
1. Section 45ZA covers the target.
2. It was set in 2016, reviewed in 2021 and 2026.
3. So the target is set once in five years.
_Source: Reserve Bank of India, Monetary Policy function overview (rbi.org.in)._
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