WBCS.LIVE practice question

The Flexible Inflation Targeting Framework (FITF) was introduced in India post the amendment of the Reserve Bank of India (RBI) Act, 1934 in ______.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 2020
  2. 2016
  3. 2014
  4. 2010

Correct answer and explanation

Correct answer: 2016