Economics · Monetary Policy Committee
Consider the following statements regarding the Monetary Policy Committee (MPC) in India: 1. The MPC is a statutory body established under the Reserve Bank of India Act, 1934. 2. It consists of six members, with the RBI Governor as the ex-officio Chairperson. 3. Each member has one vote, and in case of a tie, the RBI Governor has the casting vote. 4. The decisions of the MPC are taken by a two-thirds majority of the members present and voting. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All four
- 2Only three✓
- 3Only two
- 4Only one
Correct answer
Only three
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