Multiple Choice Questions on Which section of RBI Act 1934 provides the powers to constitute Monetary Policy Committee ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Which section of RBI Act 1934 provides the powers to constitute Monetary Policy Committee ........

Economics- Phase (I & II) Monetary and Fiscal Policy
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    Which section of RBI Act, 1934 provides the powers to constitute Monetary Policy Committee?

    Section 45 ZB

    Correct Answer

    Section 7(1)

    Incorrect Answer

    Section 21

    Incorrect Answer

    Section 35

    Incorrect Answer
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    Explanation:

    Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934.

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