Urjit Patel Committee recommended as a measure for inflation targeting

WPI

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CPI

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IIP

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Solution

The correct option is B CPI
Urjit Patel Committee recommended CPI over WPI as a measure for inflation targeting. The Consumer Price Index (CPI combined) inflation target was set by the Government of India at 4% with ± 2% tolerance band for the period from August 5, 2016 to March 31, 2021.

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Similar questions

Consider the following statements related to various committees formed by government or RBI and choose the incorrect statement(s):-

Codes :

Consider the following recommendations:

1.RBI should target only on reducing inflation and use only a single instrument to keep inflation under control;

2.Foreign investors should be allowed to invest in government bond market;

3.Government should sell small under-performing public sector banks;

4.Banks should be allowed to open branches and ATMs everywhere without restrictions.

Which of the above are among the draft recommendations of the RaghuramRajan Committee on Financial Sector Reforms?

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