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      Question

      In India, which institution is responsible for

      formulating and implementing monetary policy?
      A Ministry of Finance Correct Answer Incorrect Answer
      B Reserve Bank of India (RBI) Correct Answer Incorrect Answer
      C NITI Aayog Correct Answer Incorrect Answer
      D Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer

      Solution

      Explanation:  The Reserve Bank of India (RBI) is responsible for formulating and implementing monetary policy.

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