Economics · Monetary Policy Governance
In the event of an equality of votes during a Monetary Policy Committee (MPC) meeting, how is the final decision regarding the policy rate determined?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Deputy Governor in charge of monetary policy decides
- 2The Governor of the RBI has a second or casting vote✓
- 3The decision is postponed to the next meeting
- 4The matter is referred to the Finance Minister
Correct answer
The Governor of the RBI has a second or casting vote
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