With reference to the Monetary Policy Committee (MPC), consider the following statements.
1. The Finance minister of India is the chairperson ex officio of the committee.
2. It is a six-member committee constituted by the Central Government.
3. Members of the MPC will be appointed for a period of four years and shall not be eligible for reappointment.
Which of the statements given above is/are correct?
1
1, 2 and 3
2
1 and 3 only
3
2 and 3 only
4
2 only