624<sup>th</sup> Meeting of Central Board of the Reserve Bank of India
Distilled Policy Brief
- The Board reviewed the current economic situation, global and domestic challenges, and risks to the economic outlook.
🎯 Prelims High-Yield Examination Points
RBI Central Board meetings and their focus on economic outlook and RBI operations
⚖️ Mains Analytical & Syllabus Linkages
Role of RBI Central Board in shaping monetary policy and governance
🎯 UPSC Prelims Practice Drill
During the 624th meeting of the Central Board of the Reserve Bank of India, which of the following items was NOT mentioned as being reviewed by the Board?
- [A] The current economic situation and risks to the economic outlook
- [B] The functioning of the RBI's Ombudsman Scheme
- [C] Monetary policy rate decisions
- [D] Global and domestic challenges
▶ Reveal Official Answer & Analytical Explanation
The meeting minutes state that the Board reviewed the economic situation, global and domestic challenges, risks to the outlook, and the functioning of its Committees and the Ombudsman Scheme. Monetary policy rate decisions were not mentioned, making option C the correct answer.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.