Q. Which organization recently launched the ‘Inflation Expectations Survey of Households' and 'Consumer Confidence Survey'?
Answer:
Reserve Bank of India
Notes: The Reserve Bank of India (RBI) launched the 'Inflation Expectations Survey of Households' and 'Consumer Confidence Survey' to inform its bi-monthly monetary policy decisions. The former gathers subjective assessments on price movements from 19 cities, collecting both qualitative and quantitative data on inflation expectations. The latter seeks qualitative responses on economic conditions, employment, prices, income, and spending, also spanning 19 cities. These surveys aim to provide crucial insights for RBI's policy formulation.