Multiple Choice Questions on The Monetary Policy Committee MPC was set up by amending the Reserve Bank of India Act 1934 wh........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

The Monetary Policy Committee MPC was set up by amending the Reserve Bank of India Act 1934 wh...........

Economic and Social Issues Monetary and Fiscal Policy
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     The Monetary Policy Committee (MPC) was set up by amending the Reserve Bank of India Act, 1934, when was the first MPC meeting held?
     

    2010

    Incorrect Answer

    2006

    Incorrect Answer

    2014

    Incorrect Answer

    2016

    Correct Answer

    2000

    Incorrect Answer
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    Explanation:
    The MPC was set up by amending the Reserve Bank of India Act, 1934, through the Finance Act 2016. The first meeting of the MPC was held in October 2016. Prior to setting up of the MPC, the RBI Governor used to decide the interest rate.

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