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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