{"id":93625,"date":"2025-06-01T11:54:17","date_gmt":"2025-06-01T11:54:17","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93625"},"modified":"2025-06-01T11:54:17","modified_gmt":"2025-06-01T11:54:17","slug":"which-of-the-following-is-the-highest-policy-making-body-for-monetary","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/","title":{"rendered":"Which of the following is the highest policy-making body for monetary"},"content":{"rendered":"

Which of the following is the highest policy-making body for monetary matters in India?<\/p>\n

[amp_mcq option1=”The Securities and Exchange Board of India” option2=”The NITI Aayog” option3=”The Ministry of Finance” option4=”The Reserve Bank of India” correct=”option4″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2019-20<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe Reserve Bank of India (RBI) is the central bank responsible for monetary policy in India. The Monetary Policy Committee (MPC) within the RBI is the statutory body entrusted with the task of setting the benchmark policy rate (repo rate) to achieve the inflation target set by the government, while keeping in mind the objective of growth. This makes the RBI the highest policy-making body for monetary matters.
\n<\/section>\n
\n– RBI is the monetary authority of India.
\n– The Monetary Policy Committee (MPC) within RBI decides the key interest rates.
\n– SEBI regulates capital markets, NITI Aayog is a planning\/advisory body, and the Ministry of Finance handles fiscal policy.
\n<\/section>\n
\nThe MPC was constituted in 2016 and consists of six members – three officials from the RBI and three external members nominated by the government. The Governor of RBI is the ex-officio Chairperson. The decisions of the MPC are binding on the RBI.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which of the following is the highest policy-making body for monetary matters in India? [amp_mcq option1=”The Securities and Exchange Board of India” option2=”The NITI Aayog” option3=”The Ministry of Finance” option4=”The Reserve Bank of India” correct=”option4″] This question was previously asked in UPSC Combined Section Officer – 2019-20 Download PDFAttempt Online The Reserve Bank of India … <\/p>\n

Detailed SolutionWhich of the following is the highest policy-making body for monetary<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1483,1120,1190],"class_list":["post-93625","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-2019-20","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"\nWhich of the following is the highest policy-making body for monetary<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of India (RBI) is the central bank responsible for monetary policy in India. The Monetary Policy Committee (MPC) within the RBI is the statutory body entrusted with the task of setting the benchmark policy rate (repo rate) to achieve the inflation target set by the government, while keeping in mind the objective of growth. This makes the RBI the highest policy-making body for monetary matters. - RBI is the monetary authority of India. - The Monetary Policy Committee (MPC) within RBI decides the key interest rates. - SEBI regulates capital markets, NITI Aayog is a planning\/advisory body, and the Ministry of Finance handles fiscal policy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following is the highest policy-making body for monetary\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India (RBI) is the central bank responsible for monetary policy in India. The Monetary Policy Committee (MPC) within the RBI is the statutory body entrusted with the task of setting the benchmark policy rate (repo rate) to achieve the inflation target set by the government, while keeping in mind the objective of growth. This makes the RBI the highest policy-making body for monetary matters. - RBI is the monetary authority of India. - The Monetary Policy Committee (MPC) within RBI decides the key interest rates. - SEBI regulates capital markets, NITI Aayog is a planning\/advisory body, and the Ministry of Finance handles fiscal policy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:54:17+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Which of the following is the highest policy-making body for monetary","description":"The Reserve Bank of India (RBI) is the central bank responsible for monetary policy in India. The Monetary Policy Committee (MPC) within the RBI is the statutory body entrusted with the task of setting the benchmark policy rate (repo rate) to achieve the inflation target set by the government, while keeping in mind the objective of growth. This makes the RBI the highest policy-making body for monetary matters. - RBI is the monetary authority of India. - The Monetary Policy Committee (MPC) within RBI decides the key interest rates. - SEBI regulates capital markets, NITI Aayog is a planning\/advisory body, and the Ministry of Finance handles fiscal policy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/","og_locale":"en_US","og_type":"article","og_title":"Which of the following is the highest policy-making body for monetary","og_description":"The Reserve Bank of India (RBI) is the central bank responsible for monetary policy in India. The Monetary Policy Committee (MPC) within the RBI is the statutory body entrusted with the task of setting the benchmark policy rate (repo rate) to achieve the inflation target set by the government, while keeping in mind the objective of growth. This makes the RBI the highest policy-making body for monetary matters. - RBI is the monetary authority of India. - The Monetary Policy Committee (MPC) within RBI decides the key interest rates. - SEBI regulates capital markets, NITI Aayog is a planning\/advisory body, and the Ministry of Finance handles fiscal policy.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T11:54:17+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/","url":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/","name":"Which of the following is the highest policy-making body for monetary","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T11:54:17+00:00","dateModified":"2025-06-01T11:54:17+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"The Reserve Bank of India (RBI) is the central bank responsible for monetary policy in India. The Monetary Policy Committee (MPC) within the RBI is the statutory body entrusted with the task of setting the benchmark policy rate (repo rate) to achieve the inflation target set by the government, while keeping in mind the objective of growth. This makes the RBI the highest policy-making body for monetary matters. - RBI is the monetary authority of India. - The Monetary Policy Committee (MPC) within RBI decides the key interest rates. - SEBI regulates capital markets, NITI Aayog is a planning\/advisory body, and the Ministry of Finance handles fiscal policy.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-the-highest-policy-making-body-for-monetary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC Combined Section Officer","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-combined-section-officer\/"},{"@type":"ListItem","position":3,"name":"Which of the following is the highest policy-making body for monetary"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/93625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=93625"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/93625\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=93625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=93625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=93625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}