Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)? 1. It decides the RBIs benchmark interest rates. 2. It is a 12-member body including the Governor of RBI and is reconstituted every year. 3. It functions under

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Q: 11 (IAS/2017)

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?
1. It decides the RBI’s benchmark interest rates.
2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
3. It functions under the chairmanship of the Union Finance Minister.
Select the correct answer using the code given below :
AnyChart Trial Version

question_subject: 

Polity

question_exam: 

IAS

stats: 

0,143,53,143,33,12,8

keywords: 

{'monetary policy committee': [0, 0, 0, 2], 'mpc': [0, 0, 0, 2], 'rbi': [1, 4, 2, 23], 'union finance minister': [0, 0, 1, 0], 'chairmanship': [0, 0, 0, 1], 'benchmark interest rates': [0, 0, 0, 1], 'governor': [5, 1, 0, 6]}