Consider the following statements regarding the newly appointed members of the RBI’s Monetary Policy Committee (MPC):
- Ram Singh, Saugata Bhattacharya, and Nagesh Kumar were appointed as new external members.
- The appointment is for a term of four years.
- The MPC comprises eight members: five from the RBI and three external members.
Which of the following is correct?
1
Only 1
2
Only 1 and 2
3
Only 2 and 3
4
Only 1 and 3
5
All of the above