Q. Which one of the following statements about the RBI’s Monetary Policy Committee (MPC) is correct?

[A] The MPC consists of 7 members, with 6 members appointed by the Government of India.

[B] The RBI Governor has a casting vote in case of a tie among committee members.

[C] The MPC mandate includes managing foreign exchange reserves.

[D] The committee is required to meet at least six times a year.

Answer: B
Notes:

Explanation – The MPC consists of 6 members, and the RBI Governor has a casting vote in case of a tie during the voting process on policy decisions. The committee is mandated to meet at least 4 times a year.

Source: DD News

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