Q. Consider the following statements about Monetary Policy Committee (MPC):
1. It was established under the Reserve Bank of India Act, 1934.
2. The Finance Secretary of India is the chairman of the committee.
3. The MPC is responsible for determining the Inflation Target.
Which of the statements given above is/are correct?
1. It was established under the Reserve Bank of India Act, 1934.
2. The Finance Secretary of India is the chairman of the committee.
3. The MPC is responsible for determining the Inflation Target.
Which of the statements given above is/are correct?
✅ Correct Answer: (A)
1 only
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