Question : Who chairs the Monetary Policy Committee in India?
Option 1: Union Finance minister
Option 2: Deputy Governor, Reserve Bank of India
Option 3: Comptroller and Auditor General of India
Option 4: Governor, Reserve Bank of India
Correct Answer: Governor, Reserve Bank of India
Solution : The correct answer is the Governor, Reserve Bank of India .
The monetary policy in India is carried out under the authority of the Reserve Bank of India. The policy often targets inflation or interest rates to ensure price stability. This committee is formed as a statutory commission entrusted with the task of fixing the benchmark policy rate.
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