BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a) Finance Minister
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b) Prime Minister
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c) RBI Governor
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d) Chief Economic Advisor
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Unattempted
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Detailed explanation-1: -The Correct Answer is Option 1, i.e Governor of Reserve Bank of India.
Detailed explanation-2: -It consists of three internal members – the Governor as the Chairperson, ex officio; the Deputy Governor in charge of monetary policy as Member, ex officio; and one officer of the Bank to be nominated by the Central Board as Member ex-officio – and three external experts appointed by the Central Government.
Detailed explanation-3: -Full Statement: RBI Monetary Policy announcements by Governor Shaktikanta Das. RBI Monetary Policy 2023 Live Updates: The decision of RBI Governor Shaktikanta Das-headed six-member MPC will be announced on Wednesday at 10 am.
Detailed explanation-4: -Section 45ZB of the RBI Act provides for the constitution of a six-member Monetary Policy Committee (MPC) to determine the policy rate required to achieve the inflation target.
Detailed explanation-5: -RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.