Static GK - Organizations & Headquarters
Which organisation is the central bank of India responsible for monetary policy and currency issuance?
Which organisation is the central bank of India responsible for monetary policy and currency issuance?
medium Q5 of 15
Step-by-Step Solution
Step 1: Understand RBI's role
RBI (Reserve Bank of India) is the central bank responsible for monetary policy and issuing currency in India.Step 2: Differentiate from other regulators
NABARD focuses on rural finance; SEBI regulates securities; IRDAI regulates insurance.Final Answer:
RBI → Option BQuick Check:
Central bank and monetary policy = RBI ✅
Quick Trick: RBI = Central bank of India.
Common Mistakes:
MISTAKES- Confusing RBI with NABARD or SEBI due to financial sector roles.
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