Q1. The adoption of flexible inflation targeting, under which the Consumer Price Index (Combined) serves as the nominal anchor for monetary policy in India, derives its statutory basis from which one of the following?
- A. The Reserve Bank of India Act, 1934, as amended by the Finance Act, 2016
- B. The Fiscal Responsibility and Budget Management Act, 2003
- C. The Banking Regulation Act, 1949
- D. The Government Securities Act, 2006