Exams › IBPS PO › General Awareness

Which section of the RBI Act, 1934 deals with the constitution and powers of the Monetary Policy Committee?

1. Section 22
2. Section 45ZB
3. Section 40
4. Section 45B

Correct answer: Section 45ZB

Solution

Section 45ZB of the RBI Act, 1934 deals with the constitution of the Monetary Policy Committee and related provisions. The other sections listed are unrelated to the MPC. This is a direct banking awareness question.

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