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Section 45ZM(1) of the RBI Act, 1934 obliges the Bank to publish a Monetary Policy Report. How often must this Report be published?
Answer & Solution
Correct answer: C.
1. Section 45ZM(1) obliges publication of the Monetary Policy Report.
2. The Report must be published once every six months.
3. It explains the sources of inflation and forecasts inflation for six to eighteen months ahead.
4. Quarterly, annual and Parliament-driven publication frequencies are not the statutory rule.
_Source: ICSI CS Executive Paper 7 (Economic, Business and Commercial Laws) — Lesson 1: Reserve Bank of India Act, 1934, pp. 8-21._
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