Which of the following statement(s) is/are correct about the Monetary Policy Committee(MPC)? 1. It is a committee of the Reserve Bank of India, headed by the Governor. 2. The MPC is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level. 3. The MPC takes decisions based on majority vote (by those who are present and voting). Select the correct answer using the codes given below: - Study24x7
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Which of the following statement(s) is/are correct about the Monetary Policy Committee(MPC)? 1. It is a committee of the Reserve Bank of India, headed by the Governor. 2. The MPC is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inf...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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