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Which organization is responsible for formulating and implementing monetary policy in India?
  • a)
    Reserve Bank of India (RBI)
  • b)
    Securities and Exchange Board of India (SEBI)
  • c)
    Ministry of Finance
  • d)
    State Bank of India (SBI)
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which organization is responsible for formulating and implementing mon...
The Reserve Bank of India (RBI) is responsible for formulating and implementing monetary policy in India. It regulates the country's banking system and controls the money supply.
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Which organization is responsible for formulating and implementing monetary policy in India?a)Reserve Bank of India (RBI)b)Securities and Exchange Board of India (SEBI)c)Ministry of Financed)State Bank of India (SBI)Correct answer is option 'A'. Can you explain this answer?
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