The principle that a CENTRAL bank, charged with CONTROLLING inflation, should be independent from the government is unassailable. It MAY also be TRUE that it's easier for the central bank to guard its independence from political pressure when it MAINLY holds government securities.

Author - Janet Yellen


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Posted on 12 Jul 2024, this text provides information on JEE Main - 2016 in Joint Entrance Exam - Main (JEE Main) related to Graduate Aptitude Test (GATE). Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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