Question
Consider the following statements regarding the
Monetary Policy Committee (MPC): I. It is constituted under the Banking Regulation Act,1949. II. It consists of 6 members. III. Union Finance Minister acts as its ex officio chairperson. Which of the statements given above is/are correct?Solution
Under the RBI, Act,1934 (RBI Act,1934) (as amended in 2016), RBI is entrusted with the responsibility of conducting monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth. RBI Act, 1934 empowers the Central Government to constitute a six-member Monetary Policy Committee (MPC). RBI Governor acts as its ex-officio chairperson.
Consider the following statements:
Statement (1): A threat to injure the reputation of any deceased person in whom the person threatened is inter...
Article 14 of Indian Constitution does not prohibit
‘Economic Justice’ as one of the objectives of the Indian Constitution has been provided in the:
Consider the following statements:
Statement (I): A promise made in writing to pay a debt barred by limitation is invalid.
Statement (II):...
 What are the precautions to be taken in case of fire as laid down under the Factories Act, 1948?
For the enforcement of Fundamental Rights, the Supreme Court may issue a/anÂ
Which of the following is not a formal source of Muslim personal law in India?
A. The Constitution of India
B. Â The Quran
C. Su...
A re-examination of a case for lack of jurisdiction made by a higher court is?
Right to property is a__________.
Is there any limitation period prescribed to bring the Legal Representatives on record in a case ? If yes, then what it is?
