Economics · Monetary Policy Committee
Consider the following statements regarding the Monetary Policy Committee (MPC) of India: Statement I: The Monetary Policy Committee consists of six members, where three are from the RBI including the Governor and three are nominated by the central government. Statement II: The decision of the MPC is based on a simple majority vote, but the Governor does not have any special voting power even in the event of a tie. Statement III: The primary objective of the MPC is to maintain price stability while keeping in mind the objective of economic growth as per the RBI Act. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and III✓
- 4Only I
Correct answer
Only I and III
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