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Correct Option is Accommodative policy is important for long-run sustainable recovery from lack of demand in the economy

Solution:The correct choice is option (b) which can be inferred from the first paragraph which mentions,” With the key drivers of demand in the economy — private investment and private consumption — still lacking meaningful momentum, the Monetary Policy Committee had opted to continue with its growth supportive ‘accommodative’ policy stance so as to enable a durable and broad-based recovery, he said.”

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