Question

How many members constitute the MPC?

• A. 5
• B. 6
• C. 7
• D. 9

Answer 1

Answer:

B. 6

The MPC is constituted under Section 45ZB of the RBI Act. It includes: 3 members from RBI, including the Governor (who acts as the chairperson) 3 members nominated by the Government of India The committee decides the policy interest rates to maintain price stability while supporting economic growth.