MCQ
upsc-p1-economy-inflation MCQ - Practice Questions with Answers
Solve 1 upsc-p1-economy-inflation questions for RAS/RPSC preparation.
Practice questions
Q1Arrange the following developments in chronological order, from earliest to latest: A. The Government and RBI signed the Monetary Policy Framework Agreement B. The CPI series with base year 2024=100 was released C. The Urjit Patel Committee submitted its report D. The Finance Act inserted the flexible inflation-targeting framework into the RBI Act Select the correct answer using the code below.
Explanation
The Urjit Patel Committee reported in 2014; the Government and RBI signed the Monetary Policy Framework Agreement on 20 February 2015; the Finance Act, 2016 inserted the statutory framework; and the CPI 2024=100 series was released from 2026. Therefore, the order is C-A-D-B.
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