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GS Paper IUPSC Prelims 2022
Banking & Financial System
Question No. 148Interactive Test Mode
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+2-0.66

Q148. In India, which one of the following is responsible for maintaining price stability by controlling inflation?

In India, which one of the following is responsible for maintaining price stability by controlling inflation?

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2022 • Indian Economy

Correct Answer: Option (D) — Reserve Bank of India

Concept & Option Breakdown

Standard Reference Verified

Under the flexible inflation targeting framework adopted through the Monetary Policy Framework Agreement and the amended RBI Act, 1934, the Reserve Bank of India (RBI) is statutorily mandated to maintain price stability while keeping in mind the objective of economic growth. The inflation target is set at 4% CPI inflation with a tolerance band of ±2% (2% to 6%).

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2022 (Q148)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Banking & Financial System
Official Answer KeyOption (D) — Reserve Bank of India

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Frequently Asked Questions — UPSC Prelims 2022 Q148

What is the official answer for UPSC Prelims 2022 GS Paper I Question 148 (Indian Economy)?

The official UPSC answer key for this 2022 Indian Economy (Banking & Financial System) question is Option (D): "Reserve Bank of India". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2022 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Banking & Financial System". You can explore all repeated questions from Banking & Financial System in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Banking & Financial System UPSC Prelims question using option elimination?

To solve Banking & Financial System questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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