The main objective of monetary policy in India is ______.

Growth with stability

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Reduce poverty and achieve stability

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Overall monetary stability

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None of the above

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Solution

The correct option is A
Growth with stability

The main objective of monetary policy in India is growth with stability.

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Similar questions

Consider the following statements and choose the option which is correct.

(1) Inflation targeting focuses mainly on achieving price stability as the ultimate objective of Monetary policy.

(2) Monetary policy & fiscal policy have to converge for achievement of inflation targeting.

(3) The basket of items in CPI does not include machinery, chemicals etc.

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