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Uday Agrawal

· started a discussion

· 1 Months ago

confusion (Question: 126534.0 )

what is M.P.C ?

Question:

The MPC is supposed to have 3 RBI officials and 3 non-RBI officials. Out of the following members of the present MPC, who is the RBI official?

Options:
A)

R H Dholakia

B)

Prof. Pami Dua

C)

Chetan Ghate

D)

All of these

E)

None of these

Solution:

All the 3 mentioned are the non-RBI officials  


The Monetary Policy Committee (MPC) is a committee of the central bank — Reserve Bank of India, headed by its Governor. It was set up by amending the RBI Act after the government and RBI agreed to task RBI with the responsibility for price stability and inflation targeting. The RBI and the government signed the Monetary Policy Framework Agreement on February 20, 2015. 

Uday Agrawal

· commented

· 1 Months ago

@Knowledge Expert ok

Knowledge Expert

· commented

· 1 Months ago

The Monetary Policy Committee (MPC) is a committee of the central bank — Reserve Bank of India, headed by its Governor. It was set up by amending the RBI Act after the government and RBI agreed to task RBI with the responsibility for price stability and inflation targeting. The RBI and the government signed the Monetary Policy Framework Agreement on February 20, 2015.
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