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

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