9th Class General Knowledge Sample Paper General Knowledge Olympiad Model Test Paper-16

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.

A) 1 only

B) 1 and 2 only

C) 3 only

D) 2 and 3 only

E) None of these

Correct Answer: A

Solution :

Not Available