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    Question

    In which of the following section of RBI Act, 1934, the

    central government is empowered to constitute a six-member Monetary Policy Committee (MPC)?
    A Section 45ZB Correct Answer Incorrect Answer
    B Section 46A Correct Answer Incorrect Answer
    C Section 47B Correct Answer Incorrect Answer
    D Section 49C Correct Answer Incorrect Answer
    E Section 52BC Correct Answer Incorrect Answer

    Solution

    Under Section 45ZB of the amended (in 2016) RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC).

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