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.
DIVYA KALA MELA 2022 is being organised in _____ ?
Which state is going to host 36th National Games?
The Rajasthan State government announced an increase in the annual honorarium paid to farmers under the Kisan Samman Nidhi. By how much has the honorari...
Ritesh Agarwal is an Indian entrepreneur and the founder and CEO of which of the following Company?
Who are the fund managers for the Motilal Oswal Nifty India Defence Index Fund?
The Government of India's Ayushman Bharat Yojana health scheme is associated with which article of the Directive Principles of State Policy?
Which city was awarded the title of “City of Literature” at the 16th annual UNESCO Creative Cities Network (UCCN) conference in Portugal?
According to Morgan Stanley India’s growth is projected at _______ % for the year 2022-23.
On which day was Mahatma Buddha born and attained Nirvana?
How much investment has the government allocated for the Pradhan Mantri Matsya Sampada Yojana (PMMSY)?
