Financial Awareness - Risk, Stability & Emerging Finance
Which committee within the Reserve Bank of India is responsible for deciding the policy rates such as the Repo Rate?
Which committee within the Reserve Bank of India is responsible for deciding the policy rates such as the Repo Rate?
medium Q6 of 15
Step-by-Step Solution
Step 1: Identify the committee for monetary policy decisions
The Monetary Policy Committee (MPC) is responsible for setting policy rates like the Repo Rate.Step 2: Differentiate other committees
FSDC oversees financial stability broadly, Banking Regulation Committee is not an RBI body, and Credit Policy Committee is not the rate-setting body.Final Answer:
Monetary Policy Committee (MPC) → Option BQuick Check:
Monetary Policy Committee (MPC) = correct ✅
Quick Trick: MPC sets Repo Rate and other monetary policy rates.
Common Mistakes:
- Confusing FSDC or other committees with MPC.
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