Question
EconomyMoney, RBI and InflationMonetary Policy and Liquidity ManagementMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Fact recall
- Tags:
- Monetary Policy and Liquidity Management · Money, RBI and Inflation
- Related topics:
- Sector Regulators and Regulatory Authorities
Classification and difficulty are editorial labels. Explanations are awaiting review.
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Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? 1. It decides the RBI's benchmark interest rates. 2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 3. It functions under the chairmanship of the Union Finance Minister. Select the correct answer using the code given below:
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Question 11 · Monetary Policy and Liquidity Management · Economy · UPSC Prelims 2017 (GS)