Economics · Economy
Which of the following financial institutions is responsible for formulating and implementing monetary policy in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Life Insurance Corporation of India (LIC)
- 2Unit Trust of India (UTI)
- 3Cooperative Banks
- 4Reserve Bank of India (RBI)✓
Correct answer
Reserve Bank of India (RBI)
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