The correct answer is Governor, Reserve Bank of India. Explanation & Key Takeaways: • The Monetary Policy Committee (MPC) in India is responsible for fixing the benchmark interest rate and maintaining price stability in the economy. • The MPC consists of six members, out of which three are from the Reserve Bank of India (RBI) and three are appointed by the government. • The Governor of RBI chairs the MPC and has the deciding vote in case of a tie. • The other two members from RBI are the Deputy Governor and an Executive Director. • The three external members are appointed by the government on the recommendation of a search-cum-selection committee. Related Concepts: • Comptroller and Auditor General of India is responsible for auditing the accounts of the government and ensuring transparency and accountability in financial transactions. • One of the members from RBI on the MPC is the Deputy Governor. However, the Deputy Governor is not the chairperson of the MPC. • The Finance Minister is responsible for presenting the annual budget and formulating economic policies in consultation with the RBI.