alleryThe Monetary Policy Committee is constituted under which section?
ASection 42 of RBI Act
BSection 24 of BR Act
CSection 45ZB of RBI Act
DSection 21 of BR Act
Answer & Solution
Correct answer: C. Section 45ZB of RBI Act
1. The question asks: The Monetary Policy Committee is constituted under which section.
2. Correct answer: Section 45ZB of RBI Act.
3. The MPC is set up under Section 45ZB of the RBI Act.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), RBI Act §45ZB_
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