Multiple Choice Questions on Monetary policy is formulated by ........ for UPSC EPFO Exam Preparation

Money and banking

Indian Economy

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Indian Economy - Understanding the basics of Indian economic system

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    Monetary policy is formulated by

    RBI

    Correct Answer

    SEBI

    Incorrect Answer

    CLB

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    Finance ministry

    Incorrect Answer
    Explanation:

    Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act. The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy.


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