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    Question

    Consider the following statements:

    Statement I:

    In India, Central Government determines the inflation target, in consultation with Reserve Bank of India, in terms of Consumer Price Index once in five years.

    Statement II:

    At present, the Monetary Policy framework in India is operated by Central Government.

    Which of the following is correct in respect of the above statements?

    A Consider the following statements: Statement I: In India, Central Government determines the inflation target, in consultation with Reserve Bank of India, in terms of Consumer Price Index once in five years. Statement II: At present, the Monetary Policy framework in India is operated by Central Government. Which of the following is correct in respect of the above statements? Correct Answer Incorrect Answer
    B Both statement I and statement II are correct and statement II is not the correct explanation for statement I Correct Answer Incorrect Answer
    C Statement I is correct but statement II is incorrect Correct Answer Incorrect Answer
    D Statement I is incorrect but statement II is correct Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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