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What role does the 'Reserve Bank of India' play in the Indian economy?

Practice Questions

1 question
Q1
What role does the 'Reserve Bank of India' play in the Indian economy?
  1. It is responsible for formulating fiscal policy.
  2. It regulates the banking sector and manages monetary policy.
  3. It oversees the stock market operations.
  4. It provides loans to state governments.

Questions & Step-by-step Solutions

1 item
Q
Q: What role does the 'Reserve Bank of India' play in the Indian economy?
Solution: The Reserve Bank of India regulates the banking sector and manages the country's monetary policy to ensure economic stability.
Steps: 0

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