2015 · Q92
Which of the following factors led to a decline in inflation rate in India during 2014-2015?
- 1Persistent decline in crude oil prices
- 2Softness in global prices of tradables such as edible oils and coal
- 3Tight monetary policy pursued by the Reserve Bank of India
Select the correct answer using the code given below.
General KnowledgeIndian Economy
- A1 only
- B1 and 2 only
- C2 and 3 only
- D1, 2 and 3
Explanation
India's inflation declined in 2014–15 on all three counts: the persistent crash in global crude-oil prices, softness in other global tradable prices such as edible oils and coal, and the tight monetary policy stance maintained by the Reserve Bank under Governor Raghuram Rajan. Hence 1, 2 and 3.