Monetary Policy is a regulatory policy by which the or monetary authority of a country controls the ...........

Economics- Phase (I & II) Monetary and Fiscal Policy

Monetary Policy is a regulatory policy by which the ______or monetary authority of a country controls the supply of money, availability of bank credit and cost of money that is the rate of interest:

Central Bank (RBI)

SBI

IBA

None of These

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Explanation:

Monetary policy refers to the credit control measures adopted by the central bank of a country. In case of Indian economy, RBI is the sole monetary authority which decides the supply of money in the economy.