Government has recently notified reconstitution of Monetary Policy Committee. We will solve one MCQ on MPC.
- The MPC is required to meet at least four times in a year.
- The quorum for the meeting of the MPC is four members.
- Each Member of the MPC writes a statement specifying the reasons for voting in favour of, or against the proposed resolution (decision on the policy repo rate).
- The first MPC was constituted in 2004.
Which of the above statements is/are correct?