Comprehension Passage

Direction: Study the following information carefully and answer the following question.

India's inflation cooled to its lowest in the last five years in January as food prices fell following the government's cash clampdown, but due to emerging prices of some food products Reserve Bank of India (RBI) kept the interest rates unchanged. The RBI’s monetary policy committee reckons sticky core inflation could trigger wide side effects. Headline inflation has been under 4 percent since November, well below the RBI’s 5 percent target for March and medium-term target of 4 percent. Still, the RBI last week shifted its monetary policy stance to “neutral” from “accommodative”. Even as the economic fallout of demonetization remains unclear, the RBI is worried about a pick-up in global crude prices along with exchange rate volatility, which it says could push headline inflation above its medium-term target.

Which of the following is definitely true according to the given passage?

1
RBI has not cut its interest rate due to rising inflation in the country.
2
Inflation has come down in the country after demonetization.
3
Inflation in the country has come to its lowest level in the last five years.
4
There was a slight increase in the food prices after demonetization.
5
None of these

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