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    Question

    Inflation

    is_______?
    A monthly change in consumer price Correct Answer Incorrect Answer
    B yearly change in consumer price Index Correct Answer Incorrect Answer
    C yearly change in monthly consumer price index expressed in percentage. Correct Answer Incorrect Answer
    D monthly change in yearly consumer price index expressed in percentage Correct Answer Incorrect Answer
    E monthly change in consumer price index expressed in decimels. Correct Answer Incorrect Answer

    Solution

    The RBI Act, 1934. S.2. (ci) "inflation" means the year wise change in monthly Consumer Price Index expressed in terms of percentage  

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