RBI Grade B Officers 2016 Sep shift 2 Paper

(1) The finance ministry hasnotified the consumer inflationtarget for RBI until March 31,2021, with an upper tolerancelevel of 6% and lower limit of2%. The rate was finalised inconsultation with GovernorRaghuram Rajan. This preparesthe ground for setting upMonetary Policy Committeethat will set rates in keepingwith this target. RBI currentlysets the rate.