Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.
Read the following text carefully from ‘The Economic Times’ dated 8th June, 2023:
{“The Reserve Bank of India’s (RBI’s) rate-setting panel unanimously decided to keep the benchmark lending rate unchanged at 6.5%. The committee voted to remain focused on the withdrawal of accommodative monetary policy.”}
On the basis of the given text and common understanding, answer the following questions: (a) Identify and discuss the economic issue indicated in the above text.
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Solution and Explanation
Monetary Policy Decision: The RBI decided not to change the lending rate, indicating a cautious approach to prevent inflationary pressures while ensuring economic growth.
Withdrawal of Accommodative Policy: This signals a shift toward controlling liquidity in the economy to stabilize inflation.
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___________ farming is a system that is helpful in restoring, maintaining and enhancing the ecological balance.
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(Choose the correct alternative to fill in the blank):
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Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.Read the following statements carefully:
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Statement 2: Both India and Pakistan laid great emphasis on creating a large private sector.
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