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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. xxvi Seven-year Analysis of the General Studies (2011−2017) Select the correct answer using the code given below:

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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. xxvi Seven-year Analysis of the General Studies (2011−2017) Select the correct answer using the code given below:






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