31. Who chairs the Monetary Policy Committee (MPC) in India?
a) Governor of Reserve Bank of India
b) Chief Economic Advisor
c) Finance Minister
d) Prime Minister
32. How many members are there in the Monetary Policy Committee (MPC)?
a) 3
b) 4
c) 5
d) 6
33. Which of the following is NOT a tool of RBI’s open market operations (OMOs)?
a) Treasury bills
b) Government securities
c) Bonds
d) Treasury notes
34. What is the objective of the Liquidity Adjustment Facility (LAF)?
a) To provide liquidity to banks for smooth functioning of the payment system
b) To ensure banks maintain a certain portion of their deposits in liquid assets
c) To regulate the interest rates offered by commercial banks
d) To control inflation by limiting the amount of money banks can lend
35. Which of the following is a qualitative tool of monetary policy?
a) Open market operations
b) Changes in policy rates
c) Moral suasion
d) Reserve ratios
