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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Which of the following is the main aim of Indian Monetary Policy?
    1. Control inflationary pressure
    2. Boost economic development

    A) 1 only              

    B)        2 only

    C) 1 and 2      

    D)        Neither 1 nor 2

    Correct Answer: C

    Solution :

    Planned economic development adopted by India required an active monetary policy. The two stated aims of this policy were to boost economic development and control inflationary pressure     


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