Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Correct Answer: Reserve Bank of India
Solution : The correct option is Reserve Bank of India.
The Reserve Bank of India (RBI), the nation's central banking organization, develops and implements the monetary policy of India. The RBI is in charge of policing and directing the flow of credit and the money supply in the Indian economy. The ultimate objectives of doing this are to maintain price stability, ensure sufficient liquidity in the financial system, and foster economic growth.
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