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      Question

      Under Section 45ZM of the RBI Act, 1934, how frequently

      must the Reserve Bank publish the Monetary Policy Report?
      A Once in every three months Correct Answer Incorrect Answer
      B Once in every year Correct Answer Incorrect Answer
      C Once in every two months Correct Answer Incorrect Answer
      D Once in every fortnight Correct Answer Incorrect Answer
      E Once in every six months Correct Answer Incorrect Answer

      Solution

      Section 45ZM(1) requires the Bank to publish, once in every six months, a document called the Monetary Policy Report explaining the sources of inflation and the forecasts of inflation for the period between six to eighteen months from the date of publication. The form and contents are specified by regulations made by the Central Board. This biannual report is a key transparency mechanism in the monetary policy framework. The required frequency is once in every six months.

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