Consider the following statements regarding monetary policy committee (MPC) 1. MPC comprises of 6 members, three from the RBI and three government nominees, with the RBI Governor having the casting vote. 2. Government and RBI have already signed a monetar

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Q: 49 (Current Affairs-DEC/2016)
Consider the following statements regarding monetary policy committee (MPC)
1. MPC comprises of 6 members, three from the RBI and three government nominees, with the RBI Governor having the casting vote.
2. Government and RBI have already signed a monetary policy framework that has set an inflation target of 4 per cent.
Which of the following statements is/are correct?

question_subject: 

Polity

stats: 

0,104,98,66,20,104,12

keywords: 

{'monetary policy committee': [0, 0, 0, 2], 'mpc comprises': [0, 0, 0, 1], 'monetary policy framework': [0, 0, 0, 1], 'inflation target': [0, 0, 0, 1], 'mpc': [0, 0, 0, 2], 'rbi governor': [1, 0, 0, 0], 'government nominees': [0, 0, 0, 1], 'rbi': [1, 4, 2, 23], 'cent': [1, 2, 5, 5], 'casting vote': [0, 0, 0, 1]}