In which of the following year, the mandate/preamble of RBI has been amended?
The 2016 RBI Act amendment formalised a monetary-policy framework centred on price stability while keeping growth in mind, and established the MPC framework.2019, 2024, 2007…
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In which of the following year, the mandate/preamble of RBI has been amended?
Answer and explanation
Correct answer C
The 2016 RBI Act amendment formalised a monetary-policy framework centred on price stability while keeping growth in mind, and established the MPC framework.2019, 2024, 2007 are not the relevant mandate-amendment year.
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UGC NET Economics