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 – Monetary Policy Committee
| Full-Form | Monetary Policy Committee |
| Category | Finance | Governmental |
| Established | 2016 |
| Chairperson | Shaktikanta 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
| S.No. | Category | Full-Form |
|---|---|---|
| MPC | Government | Monetary Policy Committee |
| MPC | Police | Military Police Corps |
| MPC | Service | Mobile Position Center |
| MPC | Economics | Marginal Propensity to Consume |
| MPC | Military | Marine Personnel Carrier |
| MPC | Service | Multi-Project Chip |
| MPC | Tech. | Micro-Phase Cleaning |
| MPC | Product | Milk Protein Concentrate |
| MPC | Science | Magnetic Particle Clutch |
| MPC | Other | Multi-Point Constraint |
| MPC | Software | Media Player Classic |
| MPC | Politics | Mizoram People’s Conference |
| MPC | Research | Meteorological Prediction Center |
| MPC | College | Muntinlupa Polytechnic College |
| MPC | Government | Model Penal Code |
| MPC | Service | Mobile Processing Center |
| MPC | Economics | Marginal Private Cost |
| MPC | Other | Multi-Purpose Concept |
| MPC | Software | Multimedia Personal Computer |
| MPC | Internet | Materiel Program Code |
| MPC | Communication | Multi-Path Channel |
| MPC | Recruit | Most Placeable Candidate |
| MPC | Military | Mission Planning Center |
| MPC | Services | Manu Pest Control |
| MPC | Other | Maintenance Priority Code |
| MPC | Party | Municipal People’s Congress |
| MPC | Military | Military Payment Certificate |
| MPC | Disease | Myeloma Plasma Cell |
| MPC | Gaming | Master Player Character |
| MPC | Other | Manual Point Control |
| MPC | Subject | Maths, Physics, Chemistry |
| MPC | Science | Medial 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.
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