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1 mark

The full form of MPC is __________.

  1. A
    Monetary Policy Committee
  2. B
    Money Policy Committee
  3. C
    Making Price Committee
  4. D
    Monetary Price Committee

Solution & Step-by-step Explanation

MPC stands for the Monetary Policy Committee, a statutory body of the Reserve Bank of India (RBI) responsible for fixing the benchmark interest rates (repo rate) to maintain price stability while keeping growth goals in mind.

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The full form of MPC is __________.
A
Monetary Policy Committee
B
Money Policy Committee
C
Making Price Committee
D
Monetary Price Committee

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