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Which of the following examines the curr...

Which of the following examines the current monetary policy of India?

A

National Development Council

B

Planning Commission

C

Reserve Bank of India

D

Ministry of Finance, Government of India

Text Solution

Verified by Experts

The correct Answer is:
C
Monetary policy Is the process by which monetarye authority of a country, generally a central bank controls the supply of money In the economy by exercising Its control over Interest rates in order to maintain price stability and achieve high economic growth. In India, the central monetary authority Is the Reserve Bank of India (RBI). Ills to designed as to maintain the price stability In the economy.
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