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Which organisation is the central bank of India responsible for monetary policy and currency issuance?

medium Q5 of 15
Static GK - Organizations & Headquarters
Which organisation is the central bank of India responsible for monetary policy and currency issuance?
ANABARD
BRBI
CSEBI
DIRDAI
Step-by-Step Solution
  1. Step 1: Understand RBI's role

    RBI (Reserve Bank of India) is the central bank responsible for monetary policy and issuing currency in India.
  2. Step 2: Differentiate from other regulators

    NABARD focuses on rural finance; SEBI regulates securities; IRDAI regulates insurance.
  3. Final Answer:

    RBI → Option B
  4. Quick 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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