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The CPI inflation target notified on August 5, 2016 was:
A8 percent
B4 percent
C2 percent
D6 percent
Answer & Solution
Correct answer: B. 4 percent
1. The target is stated in CPI terms.
2. It has been retained in every review since.
3. The target is 4 percent.
_Source: Reserve Bank of India, Monetary Policy function overview (rbi.org.in)._
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