Financial Awareness - Risk, Stability & Emerging Finance
Which committee recommended the establishment of the Monetary Policy Committee (MPC) in India?
Which committee recommended the establishment of the Monetary Policy Committee (MPC) in India?
medium Q6 of 15
Step-by-Step Solution
Step 1: Identify committee related to monetary policy reforms
The Monetary Policy Committee (MPC) was recommended to bring transparency and accountability in monetary policy decisions.Step 2: Match with the correct committee
Urjit Patel Committee (2013) recommended the establishment of the MPC with inflation targeting framework.Final Answer:
Urjit Patel Committee → Option CQuick Check:
Monetary Policy Committee recommendation = Urjit Patel Committee ✅
Quick Trick: Urjit Patel Committee = MPC recommendation.
Common Mistakes:
- Confusing MPC recommendation with Rangarajan Committee's monetary policy suggestions.
Master "Risk, Stability & Emerging Finance" in Financial Awareness
Start learning the concept with an interactive lesson.
Want More Practice?
15+ quiz questions · All difficulty levels · Free
Free Signup - Practice All QuestionsMore Financial Awareness Quizzes