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Question

The _____ supervises the functioning of formal sources of loans.

A
State Bank of India
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B
Central Bank of India
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C
Reserve Bank of India
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D
Finance Minister
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Solution

The correct option is C Reserve Bank of India
The Reserve Bank of India supervises the functioning of formal sources of loans.
RBI is also the Central Bank of India.
RBI doesn't supervise the informal sources of credit institutions.

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