Question

The composition of the MPC includes:

• A. 6 RBI officials
• B. 3 RBI officials and 3 external members
• C. 4 RBI officials and 2 external members
• D. d) Only external members

Answer 1

Answer:

B. 3 RBI officials and 3 external members

RBI members (3): Governor of RBI (Chairperson) Deputy Governor in charge of monetary policy One officer of RBI nominated by the Central Board External members (3): Nominated by the Government of India, usually experts in economics or finance. Decisions are made by majority vote, with the goal of price stability and economic growth.