UPSC 2017 › Indian Economy › Monetary Policy & Money Supply

2 questions · 2017 · answers as per the UPSC key

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UPSC 2017 · Q11 · Indian Economy › Monetary Policy & Money Supply · Save

Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC) ?

  1. It decides the RBI's benchmark interest rates.
  2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
  3. It functions under the chairmanship of the Union Finance Minister.

Select the correct answer using the code given below :

(a) 1 only
(b) 1 and 2 only
(c) 3 only
(d) 2 and 3 only
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Answer: (a) 1 only
UPSC 2017 · Q17 · Indian Economy › Monetary Policy & Money Supply · Save

Consider the following statements : With reference to the Constitution of India, the Directive Principles of State Policy constitute limitations upon

  1. legislative function.
  2. executive function.

Which of the above statements is/are correct ?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Answer: (d) Neither 1 nor 2