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The Central Bank & Monetary Policy · Question 3 of 58

Question 3

EasyOriginal question

The main aim of the RBI's monetary policy is

keeping prices stable while supporting growthCorrect answerYour answermaximising the RBI's profitCorrect answerYour answercollecting more taxesCorrect answerYour answerfixing the price of every goodCorrect answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

The RBI Act gives monetary policy the aim of price stability, keeping growth in mind.

Concept: Aim of monetary policy
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsFunctions of the central bank

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