Multiple Choice Questions

Which section of RBI act 1934 deals with the constitution and powers of Monetary Policy Committee nb...........

Finance (RBI) Reserve Bank of India

Which section of RBI act, 1934 deals with the constitution and powers of Monetary Policy Committee ?

This questions was previously asked in

RBI Grade B (28 May 2022)

Section 22

Section 24

Section 40

Section 45B

Section 45ZB

- Section 22: It's about the issuance of banknotes by the RBI, not related to the Monetary Policy Committee.

- Section 24: Deals with denominations and form of banknotes and coins, not the committee.

- Section 40: Focuses on transactions in foreign exchange by the RBI, not relevant here.

- Section 45B: Pertains to the establishment of a fund for clients of non-banking financial institutions, not the committee.

- Section 45ZB: This section outlines the constitution and powers of the RBI's Monetary Policy Committee, which sets monetary policy in India.

Correct Answer: Option 5 - Section 45ZB

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