Economy

1 question

• 2017 · Question 11 · Monetary Policy

  Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC) ? 1. It decides the RBI’s benchmark interest rates. 2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 3. It functions under the chairmanship of the Union Finance Minister. Select the correct answer using the code given below :

  Choose your answer

  (a)1 only(b)1 and 2 only(c)3 only(d)2 and 3 only

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  Source: UPSC, Civil Services (Preliminary), General Studies Paper I (opens in a new tab)