Question

In which of the following section of RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC)?

A Section 45ZB Correct Answer Incorrect Answer
B Section 46A Correct Answer Incorrect Answer
C Section 47B Correct Answer Incorrect Answer
D Section 49C Correct Answer Incorrect Answer
E Section 52BC Correct Answer Incorrect Answer

Solution

Under Section 45ZB of the amended (in 2016) RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC).

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