Multiple choice

Who is the fiscal agent and advisor to government in monetary and financial matters in India?

  1. SBI

  2. IDBI

  3. ICICI

  4. RBI
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Reserve Bank of India (RBI) serves as the fiscal agent and advisor to the Government of India in monetary and financial matters. This includes managing government banking operations, debt management, and providing financial advice. SBI, IDBI, and ICICI are commercial or development banks, not fiscal agents to the government.

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