Who among the following is not a member of Monetary Policy Committee?

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RRB Office Assistant (7 October 2018) Mains Memory Based Paper
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  1. Dr. Chetan Ghate
  2. Dr. Pami Dua
  3. Arun Jaitley
  4. Dr. Viral V. Acharya
  5. Dr. Urjit R. Patel

Answer (Detailed Solution Below)

Option 3 : Arun Jaitley
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  • Arun Jaitley is not a member of the Monetary Policy Committee.
  •  Dr. Chetan Ghate,Dr. Chetan Ghate, Dr. Pami Dua, Dr. Viral V. Acharya and Dr. Urjit R. Patel are all members of Monetary Policy Committee.
  • Monetary Policy Committee (MPC) is constituted under section 45ZB of the amended Reserve Bank of India Act, 1934.
  • The Governor of RBI is the Chairman of MPC.
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