cueprepUPSC CSE Prelims Statement Validity — RBI Monetary Policy & Banking Regulation Flashcards
Master 10 statement validity — rbi monetary policy & banking regulation concepts for the UPSC CSE Prelims.
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Question
Consider the following statements regarding Monetary Policy transmission:
- Under the External Benchmark Lending Rate (EBLR) system, RBI's repo rate changes transmit faster to new loans compared to the Marginal Cost of Funds based Lending Rate (MCLR).
- Banks are allowed to use any internal benchmark for floating rate personal loans.
Which of the statements given above is/are correct?
Question
Complete the following regarding the composition of the Monetary Policy Committee (MPC):
The MPC consists of 6 members, of which are from the RBI and are external members appointed by the Central Government. In the event of a tie, the has a casting vote.
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