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      Question

      Under Section 45ZL of the RBI Act, 1934, the Bank must

      publish the minutes of the proceedings of each meeting of the Monetary Policy Committee on which day after the meeting?
      A The seventh day Correct Answer Incorrect Answer
      B The tenth day Correct Answer Incorrect Answer
      C The fourteenth day Correct Answer Incorrect Answer
      D The twenty-first day Correct Answer Incorrect Answer
      E The thirtieth day Correct Answer Incorrect Answer

      Solution

      Section 45ZL requires the Bank to publish, on the fourteenth day after every meeting of the Monetary Policy Committee, the minutes of the proceedings of the meeting. These minutes must include the resolution adopted, the vote of each member ascribed to that member, and each member's statement on the resolutions adopted. This promotes transparency in monetary policy decision-making. The minutes must be published on the fourteenth day after the meeting.

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