Question

Which of the following statements is/are incorrect regarding the Monetary Policy Committee (MP

  • C ? I.            It decides the RBI’s benchmark interest rates. II.            It is a 12-member body including the Governor of RBI and is reconstituted every year. III.            It functions under the chairmanship of the Union Finance Minister.
A I and II only
B II and III only
C I and III only
D All of the above
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