CURRENT AFFAIRS

2020

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Who among the following were the new members of Monetary Policy Committee (MPC)?

A	Ashima Goyal
B	Shashanka Bhide
C	Jayanth Varma
D	All of the above

Explanation:

Detailed explanation-1: -Meeting of the Monetary Policy Committee, November 3, 2022 The meeting was chaired by Shri Shaktikanta Das, Governor and attended by all MPC members - Dr. Michael Debabrata Patra, Dr. Rajiv Ranjan, Dr. Shashanka Bhide, Dr.

Detailed explanation-2: -The six members of the Monetary Policy Committee are Shaktikanta Das, the governor of the Reserve Bank of India, Dr. Michael Debabrata Patra, the deputy governor, Dr. Mridul K. Saggar, Prof.

Detailed explanation-3: -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-4: -However, the retail inflation based on the Consumer Price Index (CPI) has shown signs of moderation in November and December as it fell below the RBI’s upper tolerance level of 6 per cent. The MPC consists of three RBI officials and three external members appointed by the central government.

There is 1 question to complete.