BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who is head of MPC related to Banking of Financial term?

A	Governor of RBI
B	Deputy-Governor of RBI
C	Union Finance Minister
D	Chairman, NITI Aayog

Explanation:

Detailed explanation-1: -Michael Debabrata Patra, Deputy Governor in charge of monetary policy – and was chaired by Shri Shaktikanta Das, Governor.

Detailed explanation-2: -The composition of the current monetary policy committee is as follows: Governor of the Reserve Bank of India – Chairperson, ex officio-Shaktikanta Das. Deputy Governor of the Bank in charge of monetary policy – Michael Debrata Patra.

Detailed explanation-3: -Chairman of the Monetary Policy Committee is the governor of RBI.

Detailed explanation-4: -Post Monetary Policy Press Conference by RBI Governor Shaktikanta Das, watch! The Reserve Bank of India-led rate-setting panel on Wednesday raised the country’s policy rate by 25 basis points in its last policy review of the fiscal year (FY23) amid moderating inflation.

Detailed explanation-5: -The MPC consists of three external members–Shashanka Bhide, Ashima Goyal and Jayanth R Varma–and three RBI officials–Governor Das, Deputy Governor Michael Debabrata Patra and Executive Director Rajiv Ranjan.

There is 1 question to complete.