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      Question

      A separate meeting of the Monetary Policy Committee

      (MPC) was held on November 3, 2022 to discuss and draft the report to be sent to the Government by the Reserve Bank of India (RBI) under the provisions of Section ______ of the RBI Act, 1934 and ___________ of RBI MPC and Monetary Policy Process Regulations, 2016. Fill in the balnks.
      A Section 45 ZN, Regulation 6 Correct Answer Incorrect Answer
      B Section 45 ZM, Regulation 7 Correct Answer Incorrect Answer
      C Section 45 ZB, Regulation 8 Correct Answer Incorrect Answer
      D Section 45 ZN, Regulation 7 Correct Answer Incorrect Answer
      E Section 45 ZM, Regulation 8 Correct Answer Incorrect Answer

      Solution

      Other Important Sections related to MPC. 45ZA. Inflation target 45ZB. Constitution of Monetary Policy Committee 45ZI. Meetings of Monetary Policy Committee 45ZM. Monetary Policy Report 45ZN. Failure to maintain inflation target

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