Civil Services Punjab State Civil Services CCE 2025 Current Affairs Business and Economy Banking Affairs
Consider the following statements with respect to the Monetary Policy Committee.
1. It is a statutory and institutionalized framework under the Banking Regulation Act, 1934, for maintaining price stability, while keeping in mind the objective of growth.
2. Statutory liquidity ratio and Cash reserve ratio comes under the ambit of the Monetary Policy Committee.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2