How many members are there in the Monetary Policy Committee (MPC) of India?a) Four Membersb) Six Membersc) Eight Membersd) Ten Members
Question
How many members are there in the Monetary Policy Committee (MPC) of India?
a) Four Members
b) Six Members
c) Eight Members
d) Ten Members
Solution
To determine the number of members in the Monetary Policy Committee (MPC) of India, we can refer to the relevant guidelines and structure of the committee.
Details about the MPC:
- The MPC was established under the Reserve Bank of India (RBI) Act, 1934.
- It is responsible for formulating monetary policy in India.
- As per the current structure, the MPC comprises six members.
Composition:
- Three members from the Reserve Bank of India (RBI) including the Governor.
- Three external members appointed by the Government of India.
Final Answer:
The correct answer is b) Six Members.
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