MPC Full Form, Definition, And Meaning

MPC Full-Form – Do you want to know what is the full form of MPC, in this post, we are going to discuss MPC, its definition, and full form.

If you do not know what is the meaning of MPC and what is the Full Form Of MPC then don’t worry in this article we will tell you all the full forms of MPC in different categories such as Education, Intermediate, Economics, and more.

mpc full form

MPC Full Form

MPC – Monetary Policy Committee

Full-FormMonetary Policy Committee
CategoryFinance | Governmental
ChairpersonShaktikanta Das (2022)

The Monetary Policy Committee of India was set up in the year 2016 to determine the ideal interest rate to keep the inflation in limit. The Governor of the Reserve Bank of India is the head of the committee consisting of 6 members out of which 3 are from RBI and others are elected by the government. As of 2022 the chairman or head of the Monetary Policy Committee is Mr. Shaktikanta Das who currently serves as the 25th Governor of the Reserve Bank of India.

The meetings are held 4 times a year and the monetary policy report is published after each meeting. one of the main objectives of the committee was to provide greater transparency and accountability in the monetary policy of India and it is also accountable to the Government of India if the rate of inflation is determined exceeds the limit.

It was Urjit Patel who first proposed the formation of MPC and the government proposed a 7 member committee with 3 officials from RBI and the other four nominated by it (government). After much deliberation and negotiation, the committee was constituted consisting of 6 members – 3 RBI officials and 3 other government nominees.

MPC Full Form In Intermediate

MPC – Maths Physics and Chemistry

MPC stands for “Maths Physics and Chemistry” in Intermediate. It is an intermediate course with a duration of 2 years.

MPC Full Form In Economics

MPC – Marginal Propensity to Consume

Marginal propensity to consume is an economic term that is described as the ratio of change in consumption to change in income. MPC is always positive it cannot be less than zero.

MPC – Marginal Consumption/Marginal Income – mC/mY

Other MPC Full Forms

MPCGovernmentMonetary Policy Committee
MPCPoliceMilitary Police Corps
MPCServiceMobile Position Center
MPCEconomicsMarginal Propensity to Consume
MPCMilitaryMarine Personnel Carrier
MPCServiceMulti-Project Chip
MPCTech.Micro-Phase Cleaning
MPCProductMilk Protein Concentrate
MPCScienceMagnetic Particle Clutch
MPCOtherMulti-Point Constraint
MPCSoftwareMedia Player Classic
MPCPoliticsMizoram People’s Conference
MPCResearchMeteorological Prediction Center
MPCCollegeMuntinlupa Polytechnic College
MPCGovernmentModel Penal Code
MPCServiceMobile Processing Center
MPCEconomicsMarginal Private Cost
MPCOtherMulti-Purpose Concept
MPCSoftwareMultimedia Personal Computer
MPCInternetMateriel Program Code
MPCCommunicationMulti-Path Channel
MPCRecruitMost Placeable Candidate
MPCMilitaryMission Planning Center
MPCServicesManu Pest Control
MPCOtherMaintenance Priority Code
MPCPartyMunicipal People’s Congress
MPCMilitaryMilitary Payment Certificate
MPCDiseaseMyeloma Plasma Cell
MPCGamingMaster Player Character
MPCOtherManual Point Control
MPCSubjectMaths, Physics, Chemistry
MPCScienceMedial Prefrontal Cortex

Wrapping Up

So this was all about MPC and its full form. If you have any suggestions or improvements regarding this article then you can tell us via email or just you can comment below.

Apart from this, if you want to know about any other abbreviation then comment below we will reach you as soon as possible.

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