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Consider the following statements:
Statement-I:
The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.
Statement-II:
The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.
Which one of the following is correct in respect of the above statements?
The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.
Statement-II:
The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement-I:The MPC (Monetary Polic...
Statement-I accurately reflects the decision of the MPC to maintain the policy repo rate at 6.50% in the 50th meeting. However, Statement-II provides an incomplete and inaccurate description of the composition of the MPC. While it correctly mentions the presence of the RBI Governor and a Deputy Governor, it fails to mention the specific roles of an officer from the Bank nominated by the Central Board and three individuals appointed by the central government, which are key components of the MPC. Therefore, Statement-II is incorrect in its representation of the MPC's membership.
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Community Answer
Consider the following statements:Statement-I:The MPC (Monetary Polic...
Analysis of Statements
To determine the correctness of the statements regarding the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), we need to evaluate each statement individually.
Statement-I
- The MPC of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.
- This statement is correct as the MPC has, at times, chosen to maintain the repo rate at 6.50%. However, the specific context of the "50th meeting" needs to be verified against the most recent data, which may change over time.
Statement-II
- The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.
- This statement is also correct. The composition of the MPC is accurately described, reflecting the members involved in formulating monetary policy.
Conclusion
- Both statements are correct; however, Statement-II does not explain Statement-I. They address different aspects of the MPC: one regarding its decisions and the other regarding its composition.
Final Answer
- Therefore, the correct answer is option 'B': Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
This evaluation highlights that both statements stand accurate independently, emphasizing the distinct nature of MPC's operational decisions and its structural framework.
To determine the correctness of the statements regarding the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), we need to evaluate each statement individually.
Statement-I
- The MPC of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.
- This statement is correct as the MPC has, at times, chosen to maintain the repo rate at 6.50%. However, the specific context of the "50th meeting" needs to be verified against the most recent data, which may change over time.
Statement-II
- The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.
- This statement is also correct. The composition of the MPC is accurately described, reflecting the members involved in formulating monetary policy.
Conclusion
- Both statements are correct; however, Statement-II does not explain Statement-I. They address different aspects of the MPC: one regarding its decisions and the other regarding its composition.
Final Answer
- Therefore, the correct answer is option 'B': Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
This evaluation highlights that both statements stand accurate independently, emphasizing the distinct nature of MPC's operational decisions and its structural framework.
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Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:The MPC (Monetary Policy Committee) of the Reserve Bank of India decided to keep the policy repo rate unchanged at 6.50% in its 50th meeting.Statement-II:The MPC consists of six members, including the RBI Governor, a Deputy Governor, an officer from the Bank nominated by the Central Board, and three individuals appointed by the central government.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
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