Important Boards and Committees of RBI

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21. How many members are there in the Monetary Policy Committee of RBI?

a) 5

b) 6

c) 7

d) 8

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22. Who is responsible for setting the repo rate in India?

a) Central Board of Directors

b) Monetary Policy Committee

c) Governor

d) Union Finance Minister

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23. Who is responsible for regulating and supervising the banking sector in India?

a) Central Board of Directors

b) Department of Banking Regulation

c) Governor

d) Union Finance Minister

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24. Who is responsible for regulating and supervising the non-banking financial institutions in India?

a) Central Board of Directors

b) Department of Non-Banking Supervision

c) Governor

d) Union Finance Minister

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25. Which committee was formed to review the asset reconstruction companies in India?

a) Tarapore Committee

b) Narasimham Committee

c) Urjit Patel Committee

d) Nayak Committee

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