ibps-so 2023 · Question 256 of 323

Who heads the Monetary Policy committee formed by the Central Government? . c o e e

APresident
BFinance Minister
CRBI’s governor w wCorrect
DPrime Minister
ERBI’s Financial Advisor

Answer: C. RBI’s governor w w

Explanation

The Monetary Policy Committee (MPC) is a committee constituted by the Central Government and led by the Governor of RBI. The Monetary Policy Committee was formed with the mission of fixing the benchmark policy interest rate (repo rate) to restrain inflation within the particular target level.

Source: IBPS SO Prelims Memory Based 2023 (RA/LO) - ixamBee · memory-based

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