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Q. With reference to ‘the Monetary Policy Committee (MPC)’, which of the following statements is/are Correct?
1. The MPC is a six-member panel that has been mandated to take decision on financing Budget Deficit through Printing Money.
2. The three external members of the MPC will have a fixed four-year term, which is non-renewable.
Select the correct answer using the code given below:
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2