The ____ is vested with the responsibility of conducting monetary policy of India.
Reserve Bank of India (RBI)
The correct answer is option 2. The Reserve Bank of India (RBI) is responsible for conducting monetary policy in India, regulating interest rates, and managing the money supply to ensure economic stability.
Similar Questions
Which of the following is regarded as a supervisory function of the Reserve Bank of India?
Important Questions from Reserve Bank of India
Which of the following is not the function of Reserve Bank of India?
Which of the following banks issues currency notes in India?
Who is the Governor of the Reserve Bank of India? (As of 2017)
Which of the following isnota function of Reserve Bank of India?
Which of the following statements related to the Reserve Bank of India (RBI) is/are true?
Statements:
I. RBI was established under the Reserve Bank of India Act, 1935.
II. RBI maintains a current account of State Governments for keeping their cash balances.
III. Sir Benegal Rama Rau was the longest serving governor of RBI.
