Multiple choice

RBI is responsible for overall

  1. credit and fiscal policy of the economy

  2. debit and fiscal policy of the economy

  3. credit and monetary policy of the economy

  4. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Reserve Bank of India (RBI) is India's central bank responsible for monetary policy, not fiscal policy. Monetary policy deals with credit availability and money supply, while fiscal policy is the government's domain involving taxation and spending.

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