Question

Monetary Policy Committee was setup based on the recommendation of ________

• A. Urjit Panel Committee
• B. Raghuram Rajan Committee

Answer 1

The correct option is A Urjit Panel Committee

The setting up of a committee to decide on Monetary Policy was first proposed by the Urjit Patel Committee.

The Committee suggested a five-member MPC - three members from the RBI and two nominated by the Government.