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Union Government and the Reserve Bank of India (RBI) have signed an agreement to lower down inflation rate. What is the target of inflation rate by January 2016?
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- 4%
- 5%
- 6%
- 7%
Correct Option: C
The Government has set a target for RBI to bring down inflation below 6 percent by January 2016 and to 4 percent for financial year 2015-16.
