SarkariPYQ

SSC GD 2019 PYQ — Question 30

SSC GD Constable (English) - 9th March 2019 Shift 2 • General Awareness • Q30

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The primary purpose of the Reserve Bank of India monetary policy is to maintain:

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Price stability.

  • The primary purpose of the RBI monetary policy is to maintain price stability.
  • The monetary policy framework aims at (a) setting the policy (repo) rate based on an assessment of the current and evolving macroeconomic situation and, (b) modulation of liquidity conditions on a day-to-day basis through appropriate actions to anchor money market rates.