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Question : Monetray policy in India is formulated by:

 

Option 1: Finance Ministry

Option 2: RBI

Option 3: SEBI

Option 4: CLB


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Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: RBI


Solution : Correct Answer is RBI

The responsibility for creating the nation's monetary policy rests with the Reserve Bank of India. As a result, it is also referred to as the RBI's Monetary Policy. The RBI is granted this authority in accordance with the RBI Act of 1934. The money supply, credit availability, and interest rates are all governed by the RBI's monetary policy. 

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