Question
How many external members in MPC are nominated by
central government?Solution
Out of the six MPC members, the central government appointed three external members to the Monetary Policy Committee (MPC) of the Reserve Bank of India. The other three members are RBI governor who is the chairperson of the committee, the deputy governor in charge of the monetary policy, and one officer of RBI nominated by the central board. Present external members of the MPC – Dr. Shashanka Bhide, Dr. Ashima Goyal, Prof. Jayanth R. Varma
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