Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?

Ministry of Finance

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SEBI

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RBI

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IRDA

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Solution

The correct option is D RBI
Reserve Bank of India (RBI): The RBI was established under the Reserve Bank of India Act, 1934 on April 1, 1935. It was nationalised on January 1, 1949. It is the Central Bank of India.

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Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?

The correct option is D RBIReserve Bank of India (RBI): The RBI was established under the Reserve Bank of India Act, 1934 on April 1, 1935. It was nationalised on January 1, 1949. It is the Central Bank of India.

The correct option is D RBI
Reserve Bank of India (RBI): The RBI was established under the Reserve Bank of India Act, 1934 on April 1, 1935. It was nationalised on January 1, 1949. It is the Central Bank of India.