With reference to inflation in India, which of the following

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M: +2.00/-0.50

With reference to inflation in India, which of the following statements is correct?

I.A. S. (Pre) 2015

[Fiscal Policy, Inflation Planning and Banking]

Controlling the inflation in India is the responsibility of the Government of India only.

The Reserve Bank of India has no role in controlling the inflation.

Decreased money circulation helps in controlling the inflation.

Increased money circulation helps in controlling the inflation.

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