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Which institution regulates monetary policy and repo rate decisions in India?
Which institution regulates monetary policy and repo rate decisions in India?
easy Q10 of 15
Step-by-Step Solution
Step 1: Identify the Decision-Making Body
Monetary policy decisions are taken by the Monetary Policy Committee.Step 2: Confirm the Governing Institution
The committee functions under the Reserve Bank of India (RBI).Final Answer:
RBI → Option CQuick Check:
Repo Rate Authority = RBI ✅
Quick Trick: Monetary policy → RBI.
Common Mistakes:
MISTAKES- Confusing fiscal policy (Finance Ministry) with monetary policy.
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