Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> In the context of the recommendations made by the Urjit Patel committee , which of the following is correct?

1. To adopt the new Consumer Price Index (CPI) for anchoring the monetary policy.
2. Set the inflation target at 4% with a band of +/- 2% .
3. Monetary policy decision making should be vested in a Monetary Policy Committee (MPC) headed by the Governor.

• A. 1 and 2 only
• B. 2 and 3 only
• C. 1 and 3 only
• D. All of the above.

Answer 1

The correct option is D All of the above.

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Major Recommendations of the Urjit Patel committee:

-To adopt the new Consumer Price Index (CPI) for anchoring the monetary policy.
-Set the inflation target at 4% with a band of +/- 2% .
-Monetary policy decision making should be vested in a Monetary Policy Committee (MPC) headed by the Governor.