Q: Which one of the following is a measure that can be used by the Government for combatting inflation?
(a)Increasing the non-planned expenditure on defence, police, etc.
(b)Providing more subsidies on exports
(c)Increasing the rate of interest on savings and fixed deposits
(d)Reduction in the cash reserve ratio (CRR)
Correct Answer: (c)
Detailed explanation coming soon.