Is there any organization which supervises the credit activities in formal sector?

Central government

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State goverment

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SBI

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RBI

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Solution

The correct option is D RBI
RBI is the central bank of India
Monetary policy (Money supply system) is regulated by RBI
Supervision of credit activities in formal/ regulated sector is one of the main functions of RBI.
RBI prints and circulates paper currency and coins except One Rupee coins on behalf of Government of India.
RBI is also Bankers' bank.
The correct option is D.

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