Consider the following statements regarding the Monetary Policy Committee (MPC) 1. It consists of six members: three from the Reserve Bank of India (RBI) and three appointed by the Central Government. 2. The RBI Governor is the chairperson of the MPC and has only a regular vote, with no casting vote. 3. The MPC meets at least six times a year. How many of the statements given above is/are correct? |ForumIAS

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Q. Consider the following statements regarding the Monetary Policy Committee (MPC)
1.It consists of six members: three from the Reserve Bank of India (RBI) and three appointed by the Central Government.
2.The RBI Governor is the chairperson of the MPC and has only a regular vote, with no casting vote.
3.The MPC meets at least six times a year.
How many of the statements given above is/are correct?

[A] Only one

[B] Only two

[C] All three

[D] None of the above

Answer: A

Notes:

Explanation:

Statement 1 is correct: The MPC has six members – three from RBI and three appointed by the Central Government.
Statement 2 is incorrect: The RBI Governor has both a regular vote and a casting vote in case of a tie.
Statement 3 is incorrect: The MPC meets at least four times a year, not six.

Source- TH