Monetary policy committee has representations from RBI, Government of India and Independent MembersQuestion 9AnswerTrueFalse

The Reserve Bank of India (RBI) acts as the central bank of India and is responsible for:  A. Fiscal policy formulation  B. Monetary policy formulation  C. Industrial regulation  D. Foreign policy

How many members are there in the Monetary Policy Committee (MPC) of India?a)  Four Membersb)  Six Membersc)  Eight Membersd)  Ten Members

The RBI applies  the monetary policy througha.open market operationb.bank rate policyc.moral persuasiond.all of the above

Who among the following is the Chairman of Monetary Policy Committee (MPC)?a)  Union Finance Ministerb)  Prime Minister of Indiac)  President of Indiad)  RBI Governor

Which of the following is a function of the Reserve Bank of India (RBI) in the money market?  A. Issuing currency notes  B. Collecting income tax  C. Regulating stock markets  D. Conducting elections