Which of the following has been appointed as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI)?
[D]All of the above [toggles][toggle title=”Answer”]
All of the above
The Union Government has appointed three outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), which will set interest rates. The appointees are Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics director Pami Dua and Ravindra H Dholakia of IIM-Ahmedabad. The experts will serve for four years and are not eligible for re-appointment. In the six-member MPC- the other 3 members are from RBI – will conduct its first monetary policy review on October 4, 2016. These are RBI governor Urjit Patel, deputy governor R. Gandhi, who is also in charge of the monetary policy, and executive director Michael Patra.The RBI governor will have a casting vote in case of a tie.