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    Question

    Which institution in India is responsible for the

    conduct of monetary policy and regulation of the money supply in the economy?
    A National Bank for Agriculture and Rural Development (NABARD) Correct Answer Incorrect Answer
    B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    C State Bank of India (SBI) Correct Answer Incorrect Answer
    D Export-Import Bank of India (EXIM Bank) Correct Answer Incorrect Answer

    Solution

    The RBI is the central bank of India and is responsible for the formulation and conduct of monetary policy, issuance of currency, and regulation of the money supply in the economy.

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