Who is the chairperson of the reconstituted Monetary Policy Committee (MPC)?

Correct option is D

The correct answer is (D) Governor of RBI.

Explanation:

The chairperson of the reconstituted Monetary Policy Committee (MPC) is the Governor of the Reserve Bank of India (RBI). The MPC is responsible for setting the monetary policy in India, including decisions related to interest rates and inflation targets. The Governor of the RBI serves as the head of this committee, which also includes other members from the RBI and the Government of India.

Information Booster:

• The MPC was established to ensure a structured and transparent decision-making process for setting the monetary policy in India.

• The Governor of RBI holds the position as the head of the committee, which is critical in steering the country’s monetary policy to manage inflation and economic growth.

• The committee's role includes reviewing key economic indicators and making decisions that affect India's overall monetary conditions.

• The decisions taken by the MPC have a significant impact on lending rates, inflation, and the economic outlook of the country.

Additional Information:

• Chief Economic Advisor : The Chief Economic Advisor plays an important role in economic policy but does not chair the MPC.

• Finance Minister of India : The Finance Minister is responsible for the overall economic policies but does not chair the MPC.

• Deputy Governor of RBI : The Deputy Governor may be a member of the MPC but is not the chairperson.