Govt. Exams
Entrance Exams
Several Indian pharmaceutical companies received WHO pre-qualification approvals in 2024 for generic and innovative formulations.
Government emphasized MSP support for nutritional crops like pulses and oilseeds while addressing farmer welfare.
India-Australia defense ties strengthened with expanded military cooperation, joint exercises, and strategic coordination.
Multiple major Indian ports including JNPT Mumbai and Adani Port series received significant infrastructure development funding.
# India's RBI Inflation Target Rate 2024-2025
The Reserve Bank of India (RBI) sets an inflation target range to maintain price stability and guide monetary policy decisions for the economy.
Step 1: Understanding RBI's Inflation Mandate
The RBI operates under a flexible inflation targeting framework established by the government, aiming to keep Consumer Price Index (CPI) inflation within a defined band to ensure economic stability and purchasing power.
Step 2: Application to 2024-2025
For the fiscal year 2024-2025, the RBI reaffirmed its inflation target range at 2-6%, with a midpoint of 4%, allowing flexibility while maintaining price control during economic fluctuations.
The correct answer is (A) 2-6%, which represents the RBI's official inflation target range for 2024-2025, providing a corridor within which the central bank aims to maintain inflation through its monetary policy decisions.
TIFR received recognition for its contributions to fundamental research and scientific advancement in 2024.
India committed to 750 GW renewable energy capacity by 2030 as part of its climate action pledge at international forums.
India-China trade faced challenges due to ongoing border tensions and India's trade deficit, leading to discussions on tariffs and regulations.
Manu Bhaker won India's first medal at Paris 2024 with a bronze in 10m air pistol shooting event.
India's RBI promoted UPI 3.0 and digital payment advancements to enhance financial inclusion and digital transactions in 2024-2025.
