In India RBI is tasked with the work of bringing out Monetary Policy Statement at regular intervals...........

Economic and Social Issues Monetary and Fiscal Policy

In India, RBI is tasked with the work of bringing out Monetary Policy Statement at regular intervals. What is the periodicity of such monetary policy statement?

Every two months

Every two years

Every two week

Every two quarters

None of the options given above

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Explanation:

The monetary policy is a policy formulated by the central bank, i.e., RBI (Reserve Bank of India) and relates to the monetary matters of the country. The policy involves measures taken to regulate the supply of money, availability, and cost of credit in the economy. Under the amended RBI Act, the monetary policy making is as under: The MPC is required to meet at least four times in a year.