Which bank controls the banking and monetary structure of India?

Reserve Bank of India

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State Bank of India

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World Bank

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Axis Bank

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Solution

The correct option is A Reserve Bank of India
The Central Bank, the Reserve Bank of India formulates, implements and monitors the monetary policy. The RBI uses some tools to regulate the monetary policy, these are open market operations, bank rate and cash reserve ratio.

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Similar questions

The Reserve Bank of India publishes its Monetary Policy Statement

92. The Reserve Bank of India (RBI) acts as a bankers’ bank. This would imply which of the following? [2012 - I]

i) Other banks retain their deposits with the RBI.

ii) The RBI lends funds to the commercial banks in times of need.

iii) The RBI advises the commercial banks on monetary matters.

Select the correct answer using the codes given below:

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