Economics · Economy
Which of the following functions is/are performed by the Monetary Policy Committee (MPC) in India? 1. Determining the inflation target in consultation with the Government 2. Deciding the repo rate and other policy rates 3. Framing the overall fiscal deficit target for the financial year 4. Meeting at least four times a year to assess monetary policy stance 5. Issuing guidelines for external commercial borrowings (ECBs) Select the correct answer using the code below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12, 3, and 5 only
- 21 and 3 only
- 31, 2, and 4 only
- 42 and 4 only✓
Correct answer
2 and 4 only
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