BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Monetary Policy Committee (MPC) of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. Who is not in MPC?
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Urjit R Patel
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Arun Jaitley
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Viral V Acharya
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Michael Debabrata Patra
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Explanation:
Detailed explanation-1: -Detailed Solution. Arun Jaitley is not a member of the Monetary Policy Committee.
Detailed explanation-2: -Detailed Solution: Arun Jaitley is not a member of the Monetary Policy Committee.
Detailed explanation-3: -The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India.
Detailed explanation-4: -Detailed Solution. The correct answer is 1 only. It decides the RBI’s benchmark interest rates.
There is 1 question to complete.