CLAT GurukulSamudraManthan

Topic 192 · Answers

CPI inflation rises to 5.54%

All 10 answers, each with its Book 1 RATNA fact. Try the questions first

  1. Question 1Answer C

    September 2026 retail inflation of 5.54% was up from what level in August?

    • 4.12%
    • 5.10%
    • Correct answer: 4.83%
    • 3.95%

    Core Trigger: MoSPI's provisional data of 12 October 2026 showed September retail inflation at 5.54%, up from 4.83% in August.From Book 1 RATNA, topic 192, point 1

  2. Question 2Answer B

    The 5.54% reading is the highest since which month?

    • June 2025
    • Correct answer: October 2024
    • January 2023
    • December 2024

    Headline Mark: It is the highest reading since October 2024, and the fourth straight month above the RBI's 4% target.From Book 1 RATNA, topic 192, point 2

  3. Question 3Answer B

    MoSPI's National Statistical Office releases CPI figures on which day of each month?

    • The 1st
    • Correct answer: The 12th
    • The 15th
    • The last working day

    Releasing Body: MoSPI's National Statistical Office releases CPI figures on the 12th of each month.From Book 1 RATNA, topic 192, point 3

  4. Question 4Answer D

    What was Food (CFPI) inflation in September 2026?

    • 6.74%
    • 8.47%
    • 5.12%
    • Correct answer: 7.74%

    Food Inflation: Food (CFPI) inflation was 7.74% in September 2026.From Book 1 RATNA, topic 192, point 4

  5. Question 5Answer C

    What was rural inflation in September 2026?

    • 4.88%
    • 5.54%
    • Correct answer: 6.08%
    • 3.98%

    Rural-Urban: Rural inflation was 6.08% and urban inflation 4.88%.From Book 1 RATNA, topic 192, point 5

  6. Question 6Answer B

    What is the upper tolerance limit around the RBI's 4% target?

    • 5%
    • Correct answer: 6%
    • 7%
    • 5.5%

    Tolerance Band: The reading moves closer to the 6% upper tolerance limit around the 4% target.From Book 1 RATNA, topic 192, point 6

  7. Question 7Answer A

    MoSPI is located in which building in New Delhi?

    • Correct answer: Sardar Patel Bhawan
    • Shastri Bhawan
    • Udyog Bhawan
    • Krishi Bhawan

    Headquarters: MoSPI is located in Sardar Patel Bhawan, New Delhi.From Book 1 RATNA, topic 192, point 8

  8. Question 8Answer B

    The Monetary Policy Framework Agreement setting the 4% target is dated which day?

    • 1 April 2016
    • Correct answer: 20 February 2015
    • 7 October 2016
    • 12 January 2015

    Founded: The flexible inflation targeting framework was adopted in 2016 by amending the RBI Act, 1934.From Book 1 RATNA, topic 192, point 9

  9. Question 9Answer D

    The flexible inflation targeting framework was adopted in 2016 by amending which Act?

    • FEMA, 1999
    • FRBM Act, 2003
    • Banking Regulation Act, 1949
    • Correct answer: RBI Act, 1934

    Landmark: The Monetary Policy Framework Agreement of 20 February 2015 between the Government and RBI set the 4% target.From Book 1 RATNA, topic 192, point 10

  10. Question 10Answer B

    Consider: 1. Section 45ZA lets the RBI notify the target. 2. Section 45ZN covers failure after three consecutive quarters outside the band. Which is/are correct?

    • Only 1
    • Correct answer: Only 2
    • Both 1 and 2
    • Neither

    Statute: Section 45ZA of the RBI Act lets the Centre notify the target; section 45ZN covers failure after three consecutive quarters outside the band.From Book 1 RATNA, topic 192, point 11

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