Question

The Monetary Policy Committee (MPC) which determines the monetary policy of the country is headed by:

A The Finance Minister of India Correct Answer Incorrect Answer
B The Governor of RBI Correct Answer Incorrect Answer
C The Finance Secretary of India Correct Answer Incorrect Answer
D One Deputy Governor of RBI Correct Answer Incorrect Answer
E The Chairman of NITI Aayog Correct Answer Incorrect Answer

Solution

The committee is presided over by the Governor of RBI. It has one deputy governor, one member of RBI executive board and, 3 government appointees

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