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Monetary Policy Committee was created in 2016 to bring transparency and accountability in deciding monetary policy. MPC determines the policy interest rate required to achieve the inflation target. Committee comprises of six members where Governor RBI acts as an ex-officio chairman. Three members are from RBI and three are selected by government. Inflation target is to be set once in a five year. It is set by the Government of India, in consultation with the Reserve Bank. Current inflation target is pegged at 4% with -2/+2 tolerance.
Assertion(A) : It shall be the duty of the Union and the State Public Service Commissions to conduct examinations for appointments
Reason(R) ...
Which of the following is the correct spelling?
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