Prelims 2017 • Paper 1 (GS) • Q.11

Q.10 Q.12

Q.10 Q.12

Prelims • Paper 1 (GS) • 2017 • Q.11

Indian Economy

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?

It decides the RBI's benchmark interest rates.

It is a 12-member body including the Governor of RBI and is reconstituted every year.

It functions under the chairmanship of the Union Finance Minister.

2017 Prelims • Paper 1 (GS)

Q.10 Q.12

Syllabus Connection

Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. (GS-III)

NCERT Connection

Ch.3: Money and Credit

Economics • Class 10 • Class 10 Understanding Economic Development

Ch.3: Money and Banking

Economics • Class 12 • Class 12 Macroeconomics

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