Iift 2017 Question 48

In the first paragraph the author says,'By far the most important lesson I learnt is that the primary focus of a central bank during a crisis has to be on restoring confidence in the markets, and what this requires is swift, bold and decisive action' from this we can conclude that according to the author during crisis the central bank should take swift, bold and decisive action. He then goes on and says,'This is not as obvious as it sounds because central banks are typically given to agonizing over every move they make out of anxiety that failure of their actions to deliver the intended impact will hurt their credibility and their policy effectiveness down the line' and from this we can conclude that even though during crisis the central bank should take swift, bold and decisive action they don't. Which means that the Central banks are deliberate in their approach and respond cautiously to crisis.
Hence, option C is the correct answer.