Which of the following Acts was amended

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Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

Which of the following Acts was amended to provide a statutory basis for the implementation of the flexible inflation targeting (FIT) framework?

Options:

The Industrial Finance Corporation of India Act, 1948

Banking Regulation Act, 1949

Reserve Bank of India (RBI) Act, 1934

Deposit Insurance and Credit Guarantee Corporation Act, 1961

Correct Answer:

Reserve Bank of India (RBI) Act, 1934