Which of the following statements is true regarding the disinflation process and its challenges as discussed by the RBI Governor?
1
Disinflation refers to a decrease in the general price level of goods and services.
2
The disinflation process in India is facing resistance due to persistent food inflation.
3
The primary tool used by the RBI to control inflation is the Cash Reserve Ratio (CRR).
4
The RBI Governor mentioned that food inflation has been negligible in recent months.