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      Question

      Monetary policy in India is formulated

      by:
      A Ministry of Finance Correct Answer Incorrect Answer
      B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
      C Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
      D Planning Commission (NITI Aayog) Correct Answer Incorrect Answer
      E State Bank of India Correct Answer Incorrect Answer

      Solution

      The RBI is the central bank of India responsible for formulating and implementing monetary policy to maintain price stability and ensure adequate credit flow.

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