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UPSC PYQPrelims 2022

Civil Services Examination · Question 68

In India, which one of the following is responsible for maintaining price stability by controlling inflation?

  1. Department of Consumer Affairs
  2. Expenditure Management Commission
  3. Financial Stability and Development Council
  4. Reserve Bank of India
Show answer & explanation

Answer: (D) Reserve Bank of India

Explanation

Under the amended RBI Act (flexible inflation targeting), the RBI's MPC is mandated to maintain price stability.