Home PYQs UPPSC UPPSC MCQs Prelims 2006 (GS Paper I)

Question

Who formulates the monetary policy in India?

  1. SEBI
  2. RBI
  3. Finance Ministry
  4. Planning Commission

Answer:

Option B: RBI

Detailed Solution:

The correct answer is “RBI”.

The Reserve Bank of India formulates and implements monetary policy in India to achieve macroeconomic objectives such as controlling inflation, promoting economic growth, and maintaining currency stability.