Correct answer: (d) Reserve Bank of India
Explanation
- A
Department of Consumer Affairs
Department of Consumer Affairs. Price monitoring and essentials; not the inflation-targeting authority.
- B
Expenditure Management Commission
Expenditure Management Commission. A fiscal-spend body, now wound down.
- C
Financial Stability and Development Council
FSDC. Coordination on financial stability, chaired by the Finance Minister.
- D
Reserve Bank of India
Reserve Bank of India. Statutory inflation-targeting monetary authority.
Summary. Official key is (d) RBI. Under the RBI Act (after 2016), price stability — the inflation target — is the primary monetary objective, operated by the Monetary Policy Committee.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2023 · Q89 · General Studies · 2 marks
Consider the following statements : The 'Stability and Growth Pact' of the European Union is a treaty that 1. limits the levels of the budgetary deficit of the countries of the European Union 2. makes the countries of the European Union to share their infrastructure facilities 3. enables the countries of the European Union to share their technologies How many of the above statements are correct? -
2016 · Q56 · General Studies · 2 marks
With reference to 'Financial Stability and Development Council', consider the following statements: 1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors macroprudential supervision of the economy. Which of the statements given above is/are correct?