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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Question : The Foreign Trade Policy of India is formulated by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Commerce and Industry
Option 3: Ministry of Finance
Option 4: Department of Industrial Policy and Promotion (DIPP)
Question : Which among the following is the sole note-issuing authority in India?
Option 1: Industrial Finance Corporation of India
Option 2: National Payments Corporation of India
Option 4: State Bank of India
Question : ___________ is a financial institution that specializes in providing loans for purchasing homes.
Option 1: Housing Development Finance Corporation (HDFC)
Option 2: Industrial Development Bank of India (IDBI)
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: Export-Import Bank of India (EXIM Bank)
Question : Who chairs the Monetary Policy Committee in India?
Option 1: Union Finance minister
Option 2: Deputy Governor, Reserve Bank of India
Option 3: Comptroller and Auditor General of India
Option 4: Governor, Reserve Bank of India
Question : The ___________ is the highest monetary authority in the country.
Option 1: Ministry of Finance
Option 2: Reserve Bank of India (RBI)
Option 3: State Bank of India (SBI)
Option 4: Central Government
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