Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC) ?
- 1. It decides the RBI’s benchmark interest rates.
- 2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
- 3. It functions under the chairmanship of the Union Finance Minister.
Select the correct answer using the code given below :
1 only
1 and 2 only
3 only
2 and 3 only
Answer is Wrong!
Answer is Right!
This question was previously asked in
UPSC IAS – 2017