Question
Under Section 45ZB of the RBI Act, 1934, what is the
total composition of the Monetary Policy Committee?Solution
Section 45ZB(2) provides that the Monetary Policy Committee shall consist of six members: the Governor (Chairperson, ex officio), the Deputy Governor in charge of Monetary Policy (ex officio), one officer of the Bank nominated by the Central Board (ex officio), and three persons appointed by the Central Government. The Committee determines the Policy Rate required to achieve the inflation target, and its decisions are binding on the Bank. The total composition is six members.
The population of town at present is 5000. If males are increased by 6% and females are increased by 14%. Then population will become 5540 after I year....
A Company allow 8% commission on the total sales to its salesman but if the salesman is appointed on a fix salary of Rs. 10000 and 6% commission on the...
The price of a commodity has risen by 40%, leading to a 25% decrease in the quantity sold. What is the overall impact on total revenue?
- Varun spent 28% of his salary on bills, 45% of the remaining amount on groceries, and saved the rest. If his savings are Rs. 1260, then find the amount he ...
- Priya had Rs. 9,000 with her. She gave 10% for women empowerment, then donated 30% of what was left for environmental care, and 20% of the remaining amount...
In a certain school, 60% of the students are girls, and the rest are boys. If the number of boys in the school is 480, how many students are there in to...
A student gets an aggregate of 60% marks in five subjects in the ratio 10 : 9 : 8 : 7 : 6. If the passing marks are 45% of the maximum marks and each s...
A man donated 15%, 20% and 23% of his income to three NGOs ‘A’, ‘B’ and ‘C’, respectively. They spent 75%, 80% and 50% of respective sums re...
P spends 27% of his salary on transportation, 30% on food, 18% on children’s education and 16% on medical. He deposits the remaining amount of Rs....
The population of a town is 50,000. It increases by 8% in the first year and then decreases by 5% in the next year. What is the population at the end of...
