What Monetary Policy Committee (MPC)?

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. What Monetary Policy Committee (MPC)? What to study? For Prelims: MPC- composition, objectives and functions. For Mains: Significance of monetary policy, role of RBI and how is it managed? Context: The rate-setting Monetary Policy Committee (MPC) will be meeting …