Monetary Policy Committee MPC in India is headed by ........

Economic and Social Issues Monetary and Fiscal Policy

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Monetary Policy Committee (MPC) in India is headed by:

Finance Ministee

RBI Governor

Chief Economic Advisor

Prime Minister

None of the options given above

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Explanation:

The committee comprises six members - three officials of the RBI and three external members nominated by the Government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The governor of RBI is the chairperson EX OFFICIO of the committee. Decisions are taken by majority with the Governor having the casting vote in case of a tie.