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Which of the following is incorrect about the RBI Governor ?
He is part of the search cum selection committee for members of Monetary Policy Committee (MPC).
He heads the MPC
He represents India in WTO conference.
He has the casting vote in MPC
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. The quorum for the meeting of the MPC is four members. Each member of the MPC has one vote, and in the event of an equality of votes, the Governor has a second or casting vote. RBI governor doesn’t represents India in WTO conference.
By: Dr. Vivek Rana ProfileResourcesReport error
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