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 3. It functions under the chairmanship of the Union Finance Minister. Select the correct answer using the code given below :

Sign up to view the correct answer and detailed explanation.

UPSC Question: Which of the following statements is/are correct regarding t...

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?

Select the correct answer using the code given below :