General Studies Mock Test - (Set-III)
Total Questions: 100
1
With reference to the Monetary Policy Committee (MPC) of the Reserve Bank of India, consider the following statements:
- The MPC is mandated to maintain a target consumer price inflation of 4%, with an upper and lower tolerance band of 2% respectively.
- Decisions are made by a majority of votes, and in the case of a tie, the Governor of the RBI possesses a second or casting vote.
- Monetary transmission is considered most efficient when the Bank Rate is adjusted, as it serves as the primary floor of the Liquidity Adjustment Facility (LAF) corridor.
Which of the statement(s) given above is/are correct?
| A |
1 and 2 only
|
|
| B |
2 only
|
|
| C |
1 and 3 only
|
|
| D |
1, 2 and 3
|
|
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