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      Question

      Which of the following statement is not correct about

      the composition of Monetary Policy Committee:
      A RBI Governor as its ex officio chairperson. Correct Answer Incorrect Answer
      B Deputy Governor in charge of monetary policy. Correct Answer Incorrect Answer
      C An officer of the Bank to be nominated by the Central Board. Correct Answer Incorrect Answer
      D Three persons to be appointed by the central government. Correct Answer Incorrect Answer
      E Four persons to be appointed by the Union Home Ministry. Correct Answer Incorrect Answer

      Solution

      Section 45ZB says the MPC shall consist of 6 members: RBI Governor as its ex officio chairperson, Deputy Governor in charge of monetary policy, An officer of the Bank to be nominated by the Central Board, Three persons to be appointed by the central government.

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