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Akash Tiwari

· started a discussion

· 1 Months ago

Wrong answer (Question: 616123.0 )

Please check the answer of the question.

Question:

Which of the following statements is not correct about “Monetary Policy Committee(MPC)”?

i.MPC should meet atleast 4 times a year and is answerable to central govt

ii.Members of MPC will hold office for 5 years

iii.MPC is a body consisting 6 members, 2 of them are appointed from RBI and other are from central govt

Options:
A) Only i and ii
B) Only ii and iii
C) Only i and iii
D) i, ii and iii
E) None of these
Solution:
The Monetary Policy Committee of India, proposed by Urijit Patel in February 2014,  is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting.

Knowledge Expert

· commented

· 1 Months ago

Dear student,
Given answer of the question is correct..please re-check.

Regards
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