2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Government of India
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RBI
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SIDBI
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President
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Detailed explanation-1: -MUMBAI: The government has finally appointed three economists - PMEAC member Ashima Goyal, NCAER’s Shashanka Bhide and IIM-Ahmedabad professor Jayanth Varma - as new members of the RBI’s monetary policy committee (MPC) to decide on interest rates.
Detailed explanation-2: -Michael Debabrata Patra, Dr. Rajiv Ranjan, Dr. Shashanka Bhide, Dr. Ashima Goyal and Prof.
Detailed explanation-3: -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.
Detailed explanation-4: -Chairman of the Monetary Policy Committee is the governor of RBI.