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Question
The monetary policy is formulated by the ______ in the Indian economy.
Options
Central Government
State Governments
Reserve Bank of India
World Bank
MCQ
Fill in the Blanks
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Solution
Reserve Bank of India
Explanation:
The Reserve Bank of India (RBI) uses both qualitative and quantitative tools, such as margin requirements and repo rates and reverse repo rates, to develop and carry out monetary policy in the country.
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