GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who regulate monetary policy?
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RBI
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SEBI
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IRDA
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SIDBI
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Explanation:
Detailed explanation-1: -The monetary policy is a policy formulated by the central bank, i.e., RBI (Reserve Bank of India) and relates to the monetary matters of the country. The policy involves measures taken to regulate the supply of money, availability, and cost of credit in the economy.
Detailed explanation-2: -Developing the Monetary Policy in India is a prerogative of the Reserve Bank of India. Hence, it is also called the Monetary Policy of RBI. The RBI is vested with this responsibility under the RBI Act, 1934. The Monetary policy of RBI regulates the money supply, availability of credit and interest rates.
Detailed explanation-3: -In India, the central monetary authority is the Reserve Bank of India (RBI).
There is 1 question to complete.