- RBI is the monetary authority of India. - The Monetary Policy Committee (MPC) within RBI decides the key interest rates. - SEBI regulates capital markets, NITI Aayog is a planning/advisory body, and the Ministry of Finance handles fiscal policy.
Which of the following is the highest policy- making body for monetary matters in India?
Asked in UPSC Combined Section Officer 2019 20 · Topic: Money & Banking (Monetary Policy Committee (MPC): Structure, Mandate, and Functioning)
More Economic Development questions
- RBI's Monetary Policy Committee in its meeting held from 7 April to 9 April, 2025 decided......................to reduce repo rate to...................... (1) by majority votes, 6 percent (2) unanimously, 6 percent (3) by majority votes, 7 percent (4) unanimously, 7 percent (5) Question not attempted
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