[Solved] The monetary policy is India is formulated by -

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Q.	The monetary policy is India is formulated by -
A.	Central Government
B.	Industrial Financial Corporation of India
C.	Reserve Bank of India
D.	Industrial Development Bank of India
Answer» C. Reserve Bank of India
Explanation: Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth. In India, the central monetary authority is the Reserve Bank of India (RBI). is so designed as to maintain the price stability in the economy.

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