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current affairs

Consider the following statements regarding MPC:

1. The Finance Ministry has proposed to constitute the Monetary Policy Committee.

2.  The Finance Ministry and the RBI had signed an agreement on the Monetary Policy framework on 20th January 2016.

3. MPC will meet at least four times in a year and will publish a half-yearly report on the sources of inflation.

Which of the above statements is/are correct?

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