Check

Question 2

Who recommended MPC?

Answer 2

Question 3

MPC has been introduced through which act?

Answer 3

2

Question 4

What is membership structure of MP? Explain with a) qualification, b)voting power, c)Term and reappointment

Answer 4

3

Question 5

Who selects the government nominees in MPC?

Answer 5

4

Question 6

What is the quorum of meeting in MPC?

Answer 6

5

Question 7

The MPC must hold how many meetings/year?

Answer 7

>=4/year

Question 8

Main provision for MPC’s independence?

Answer 8

Gov message to Committee only in writing

Question 9

Who decides inflation target and in what terms? What is present target? What if not able to meet?

Answer 9

8

Question 10

What is the frequency of Monetary Policy report?

Answer 10

Every 6 months

Question 11

Why repo rates were cut after 2017 June

Answer 11

10

Question 12

Why Viral Acharya resigned?

Answer 12

11

Question 13

What is INDAS? By whom?

Answer 13

Banks must follow INDAS accounting standards by MoCA(Ministry of Corporate Affairs)

Question 14

Which committee recommended digital currency and why?

Answer 14

13

Question 15

RBI directive regarding PSS data in India?

Answer 15

All PSS data in India–>RBI 2018 directive

Question 16

Recently MSF and LAF extended to whom?

Answer 16

Cooperatives(Urban+ Rural)

Question 17

What is the purpose of International Central Securities Depositories Limited(ICSD)?

Answer 17

International Investment in G-Secs

Question 18

Recently which committee was appointed for MSME?

Answer 18

Uk Sinha

Question 19

What is Section 7 of RBI?

Answer 19

18

Question 20

NEFT RTGS Charges in India?

Answer 20

0 charges

Question 21

What are the 3 different companies merged to form NBFC-ICC

Answer 21

AFC, Loan companies and investment companies