Economics · Monetary Policy
With reference to the RBI's Monetary Policy Framework, which of the following statements is/are correct? 1. The Monetary Policy Committee (MPC) consists of 6 members—3 from RBI and 3 external members appointed by the Government. 2. The inflation target under the flexible inflation targeting (FIT) framework is 4% CPI with a tolerance band of ±2%. 3. If the MPC fails to meet the inflation target for three consecutive quarters, the RBI Governor is required to resign. 4. The MPC is required to meet at least 4 times in a year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11, 2 and 3 only
- 21, 2 and 4 only✓
- 32 and 4 only
- 41 and 2 only
Correct answer
1, 2 and 4 only
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 Economics?
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 Economics · Monetary Policy