Question
Which of the following statements is/are incorrect
regarding the Monetary Policy Committee (MPC)? 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.Solution
Explanation: It is a 6 member body including the Governor of RBI and it functions under the chairmanship of The Governor of RBI.
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I.The GST Council has noti...
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