Question
What is the full form of MPC that is entrusted with the task of fixing the benchmark policy rate?
Solution
The Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016, to provide for a statutory and institutionalized framework for a Monetary Policy Committee, for maintaining price stability, while keeping in mind the objective of growth. The Monetary Policy Committee would be entrusted with the task of fixing the benchmark policy rate (repo rate) required to contain inflation within the specified target level.
More Banking System in India Questions
- With reference to the NBFCs, consider the following statements: 1. It is a company registered under the Companies Act, 1956 2. NBFC cannot accept demand de...
- The air conditioners not working in the office is which of the following factors?
- A Finance Bill is a Money Bill as defined in which of the following Article of the constitution of India?
- What does the term "capital structure" refer to in the context of corporate finance?
- Following are the 4 investments given. Which among the following will be having the highest risk?
- Calculate the asset turnover from the above information.
- Which of the following statements correctly reflects the requirements regarding the maximum number of directorships an individual can hold as per the Compa...
- Which of the following gives the recommendations to the government on top-level appointments like full-time Directors, non-Executive Chairman in Public Sec...
- Consider the following about the Public Account: I. Provident Funds II. Small Savings collections III. Receipts of Government subsidy Which of the above is...
- Section 45ZA in BANKING REGULATION ACT 1949 deals with?
Relevant for Exams:
