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    Question

    The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before returning to below the upper end of the target range in November 2022. What is the retail inflation target upper end?

    A 2% Correct Answer Incorrect Answer
    B 4% Correct Answer Incorrect Answer
    C 5% Correct Answer Incorrect Answer
    D 6% Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The country’s retail inflation had crept above the RBI’s tolerance range in January 2022. It remained above the target range for ten months before returning to below the upper end of the target range of 6 per cent in November 2022.

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