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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Which among the following is/are the nodal agency for implementing the monetary policy?
    State Bank of India
    Reserve Bank of India
    Union Bank

    A) 1 only              

    B)        1 and 2

    C) 2 only              

    D)        1, 2 and 3

    Correct Answer: C

    Solution :

    The Reserve Bank of India is the nodal agency for implementing the monetary policy. RBI has defined its monetary policy in terms of ?adequate financing of economic growth and at the same time ensuring reasonable price stability?.


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