What does 39 P 39 stands for in 39 MPC 39 ........

Current GK (IBPS-CL) Banking Awareness

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What does 'P' stands for in 'MPC'?

Policy

Public

Partnership

Payment

None of these

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Explanation:

MPC stands for - Monetary Policy Committee
The Monetary Policy Committee of India is a committee of the Reserve Bank of India that is responsible for fixing the benchmark interest rate in India. The committee comprises of six members - three officials of the Reserve Bank of India and three external members nominated by the Government of India.

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