Current Affairs · Monetary Policy
With reference to the functioning and decisions of the RBI’s Monetary Policy Committee (MPC), consider the following statements: 1. The MPC consists of six members, including three ex-officio members from the RBI and three members appointed by the Central Government. 2. The primary mandate of the MPC is to maintain price stability while keeping in mind the objective of growth, with a target CPI inflation rate of 4% (with a margin of +/- 2%). 3. Decisions of the MPC are taken by a majority vote of the members present and voting, with the RBI Governor having a casting vote in case of a tie. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11 and 3 only
- 21, 2 and 3✓
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 3
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Monetary Policy MCQs →Want more practice questions on Monetary Policy?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Monetary Policy