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BANKING AND MONETARY POLICY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsBANKING AND MONETARY POLICY1 Mark
MCQ
What is the main function of $RBI?$
  • A
    To regulate only the commercial banks of India
  • B
    To penalize the banks for their wrong doings
  • ✓
    To form the monetary policy of India
  • D
    To benefit the customers of all the banks by providing proper banking services
✓

Answer

Correct option: C.
To form the monetary policy of India

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