Who chairs India's Monetary Policy Committee?

The Union Finance MinisterCorrect answerYour answerThe Chief Economic AdviserCorrect answerYour answerThe Governor of the Reserve Bank of IndiaCorrect answerYour answerThe Secretary, Department of Economic AffairsCorrect answerYour answer

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CorrectNot quiteAnswer C

Correct answer: C

The MPC has six members: three from the Reserve Bank and three appointed by the central government.
The Governor of the RBI chairs it, and holds a casting vote if the six are evenly split.
The government appoints half the committee but does not chair or vote in it.

Worth noting

The committee decides the policy rate by majority. Before 2016 the decision was the Governor's alone.

Concept: Who chairs the Monetary Policy Committee
Typical timeTypical: 30 s
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The rule this testsThe Reserve Bank and monetary policy

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Who chairs India's Monetary Policy Committee?

Explanation