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Monetary Policy MCQ — 2 अभ्यास प्रश्न उत्तर सहित

2 Monetary Policy बहुविकल्पीय प्रश्नों का अभ्यास करें, विस्तृत उत्तर और व्याख्या सहित। RAS/RPSC परीक्षा की तैयारी के लिए आदर्श।

2 प्रश्न Economy & Economic Development

Practice Questions

Q1. Why do critics argue that using monetary policy tools (raising interest rates) to target headline CPI inflation may be ineffective in the Indian context?

A Because India has no independent central bank to implement rate decisions
B Because food inflation, which has ~39% CPI weight, is supply-side driven and not responsive to interest rate changes
C Because India's CPI basket does not include services sector prices
D Because monetary policy decisions take effect immediately without any lag

Explanation

Food inflation carries ~39% weight in India's CPI basket and is driven by supply-side factors (monsoon, procurement, storage) not amenable to interest rate changes. Raising rates to fight food price spikes can hurt economic growth without reducing food inflation, which requires supply management policies instead.

Q2. Under India's Flexible Inflation Targeting (FIT) framework introduced in 2016, the Monetary Policy Committee is mandated to maintain CPI inflation at what target with what tolerance band?

A 5% with ±1% band
B 3% with ±3% band
C 4% with ±2% band (2%–6%)
D 6% with ±2% band

Explanation

The FIT framework mandates the MPC to maintain CPI inflation at 4% with a ±2% tolerance band, meaning the operational range is 2%–6%. This was introduced through RBI Act amendments in 2016 and is subject to a 5-year statutory review.

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Monetary Policy के कितने MCQ प्रश्न उपलब्ध हैं?
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हाँ, Monetary Policy के प्रत्येक प्रश्न के साथ सही उत्तर और विस्तृत व्याख्या दी गई है ताकि आप मूल अवधारणा को समझ सकें।
Monetary Policy RAS/RPSC परीक्षा के लिए कैसे प्रासंगिक है?
Monetary Policy RAS/RPSC पाठ्यक्रम के Economy & Economic Development अनुभाग के अंतर्गत आता है। यह एक नियमित रूप से परीक्षा में पूछा जाने वाला क्षेत्र है और इन MCQ के नियमित अभ्यास से आपकी तैयारी मजबूत होगी।
क्या मैं Monetary Policy के प्रश्नों का हिंदी में अभ्यास कर सकता हूँ?
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