In India, who among the following regulates the money supply?
Correct Answer: Reserve Bank of India
Subject: Economics
- Government of India
- State Bank of India
- Reserve Bank of India
- Planning Commission
Explanation: The Reserve Bank of India (RBI) regulates the money supply and credit in the Indian economy to maintain economic stability.
Extra Info: The RBI was established on April 1, 1935, and nationalized on January 1, 1949. Its major functions include issuing currency, acting as the banker to the government, and managing foreign exchange reserves.