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Question

Which of the following correctly describes the Monetary Policy Committee (MP

C ?

A A body set up by the Finance Ministry with 7 members

B A six-member committee (3 from RBI, 3 external) that decides the repo rate

C A parliamentary standing committee that reviews RBI policy

D A body with 4 RBI members and 2 external experts that sets CRR

E An advisory body that sets WPI targets for the government

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