📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    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.
    A I and II only Correct Answer Incorrect Answer
    B II and III only Correct Answer Incorrect Answer
    C I and III only Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    Solution

    Explanation: It is a 6 member body including the Governor of RBI and it functions under the chairmanship of The Governor of RBI.

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call