UPSC Previous Year Question | Prelims GS | 2022

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

Answer

Correct Answer

Reserve Bank of India

Explanation

Under the flexible inflation targeting framework (amended RBI Act, 2016), the Reserve Bank of India is mandated to maintain price stability by controlling inflation.

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