May Quiz

Question 1/5
Q1. With reference to Inflation Targeting in India, consider the following statements:
  1. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) determines the benchmark policy interest rate required to achieve the inflation target.
  2. A change in the accommodative stance to ‘neutral’ means RBI will alter rates in any direction to control the money supply in the system.
Which of the statements given above is/are correct?