The monetary policy of India is framed by-
- AThe Government of India
- BThe Reserve Bank of India
- CThe State Bank of India
- DNone of the above
Solution & Step-by-step Explanation
The Reserve Bank of India (RBI) is the central banking institution vested with the statutory authority to frame and implement the monetary policy of India. It utilizes monetary tools like Repo Rate, Reverse Repo Rate, CRR, and SLR to maintain price stability while sustaining economic growth.