Monetary Policy and Inflation: Themes
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Questions and Answers

What are the two main types of inflation mentioned in the text?

  • Hyperinflation and Deflation
  • Monetary and Fiscal
  • Demand Pull and Cost Push (correct)
  • Seasonal and Structural

    • Which authority is primarily responsible for managing inflation in India?

  • SEBI
  • RBI (correct)
  • GoI
  • MPC

    • What is the key objective of monetary policy mentioned in the text?

  • Stimulating Economic Growth
  • Maintaining Price Stability (correct)
  • Promoting Unemployment
  • Controlling Government Spending

    • Which tool is NOT typically used as a quantitative tool of monetary policy?

    <p>MCLR (Marginal Cost of Funds Based Lending Rate)</p> Signup and view all the answers

    What is the impact of inflation on creditors?

    <p>Reduces real value of money owed to them</p> Signup and view all the answers

    Which concept refers to the phenomenon where inflation rates are affected by changes in the price levels from a previous period?

    <p>Base Effect</p> Signup and view all the answers

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