CGPSCBABA DAILY PRELIMS TEST-2018, 11 september 2017

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The composition of the current and first monetary policy committee is as follows:^[1]

1. Governor of the Reserve Bank of India – Chairperson, ex officio – Urjit Patel
2. Deputy Governor of the Bank, in charge of Monetary Policy—Member, ex officio – Viral A Acharya
3. One officer of the Reserve Bank of India to be nominated by the Central Board – Member, ex officio; – Michael Patra
4. Shri Chetan Ghate, Professor, Indian Statistical Institute (ISI) – Member;
5. Professor Pami Dua, Director, Delhi School of Economics – Member;
6. Dr. Ravindra H. Dholakia, Professor, Indian Institute of Management, Ahmedabad – Member

Members referred to at 4 to 6 above, will hold office for a period of four years from the date of appointment while the other three members are official. ‘