Consider the following statements:
* Statement-I: In the post-pand...

Question

Consider the following statements:
                                                      * Statement-I: In the post-pandemic recent past, many Central Banks worldwide had carried out interest rate hikes.
                                                      * Statement-II: Central Banks generally assume that they have the ability to counteract the rising consumer prices via monetary policy means.
Which one of the following is correct in respect of the above statements?

Accepted Answer

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Answer

Statement-I is correct but Statement-II is incorrect

Answer

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-1

Answer

Statement-I is incorrect but Statement-II is correct

Answer

Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-1