Monetary Policy Committee

IMPORTANT

Monetary Policy Committee: Overview

This topic covers concepts, such as, Monetary Policy Committee, Establishment and Purpose of Monetary Policy Committee & Composition of the Monetary Policy Committee etc.

Important Questions on Monetary Policy Committee

EASY
IMPORTANT

Which of the following is responsible for the determination of the repo rate?

EASY
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How many experts can be appointed by the Central Government For monetary policy?

EASY
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Who is the head of the Monetary Policy Committee of India?

EASY
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Q1155. Which of the following is/are the main objectives of the Monetary policy in India?

1. Flexible Inflation Targeting Framework

2. sets the inflation target in India

3. Advice GOI on fiscal policy

EASY
IMPORTANT

Which of the following is not a part of the monetary policy?

MEDIUM
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What is the maximum amount of compensation that Ombudsman can allow, for a case referred to it:

MEDIUM
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Ombudsman scheme has been formulated by RBI under the provisions of _____.

MEDIUM
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What is the time period during which the bank is to implement the order of Ombudsman?

MEDIUM
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What remedy is available to the bank when Ombudsman' passes an award directing the bank to make the payment:

MEDIUM
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Complaint can be made by a customer to Ombudsman when:
(a) bank rejects customer's complaint
(b) bank sends reply and customer is not satisfied
(c) customer lodged complaint and bank sends no reply for one month
(d) bank asks the customer to refer the mailer to Ombudsman.

Which of the following options is correct in the above connection?

MEDIUM
IMPORTANT

Banks have been prohibited to staple bank notes by RBI by issuing strict directives for implementation. Under which of the following, these directives have been issued?

MEDIUM
IMPORTANT

Section 35A, Banking Regulation Act 1949 empowers RBI for the following:

EASY
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On the basis of powers drawn mainly in which of the following Acts, RBI regulates and controls the banks in India ?

MEDIUM
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As per Section 17 of Banking Regulation Act of 1949, every banking company incorporated in india is required to create a reserve fund and to transfer to it at least:

EASY
IMPORTANT

The annual return of unclaimed deposits u/s 26 of Banking Regulation Act should be submitted to RBI within the following days after close of the calendar year:

MEDIUM
IMPORTANT

Banks are required to preserve the old records. The rules regarding preservation are framed by Central Govt., as per Section 45 Y of which of the following Act?

MEDIUM
IMPORTANT

Rajamannar Committee has been constituted do give recommendation on which of the following issues?

HARD
IMPORTANT

RBI constituted committee under the championship of _____ to review the Ombudsman Scheme on 7th January 2013.

HARD
IMPORTANT

G. Padmanabhan committee was appointed by RBI to give the recommendation on which of the following issues: