Consider the following statements about the Monetary Policy Committee:

  1. The committee will be a six member committee
  2. The Cabinet Secretary will be the ex-officio chairman of the committee

Which of the above statements is/are correct?

Answer: [A] 1 Only

Second statement is incorrect because the RBI Governor will be the ex-officio chairman of the committee

This question is a part of GKToday's Integrated IAS General Studies Module