The Monetry Policy Committee of India is a committee of the Reserve Bank of India that is responsibl...........

English language (insurance) Error correction

Directions : In the following questions, a sentence is divided into four parts consisting of a highlighted word in each part. Choose the option reflecting the word which is either misspelt or grammatically incorrect. If all the highlighted words are correct, choose option (e) i.e. “all are correct” as your answer choice.

The Monetry Policy Committee / of India is a committee of the Reserve Bank of India/ that is responsible for fixing the / benchmark interest rate in India

Monetry

Reserve

Responsible

Interest

All are correct

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Explanation:

The highlighted word in the first part is incorrectly spelled as “Monetry”. However, the precise spelling of the word in “Monetary” and it means relating to money or currency. All the other words have been spelt correctly and are in appropriate grammatical syntax. Hence, option (a) is the most suitable answer choice