The correct answer is (d) Reserve Bank of India (RBI).
The RBI is the central bank of India and is responsible for regulating the country’s financial system. This includes regulating external commercial borrowings, which are loans that Indian companies and individuals take from foreign lenders. The RBI sets limits on the amount of external commercial borrowing that can be taken, and it also regulates the terms of these loans.
SEBI is the Securities and Exchange Board of India, which is responsible for regulating the securities market in India. The Ministry of Finance is responsible for formulating and implementing the government’s financial policies. The Ministry of Commerce is responsible for promoting trade and investment in India.
Here are some additional details about each of the options:
- SEBI is the Securities and Exchange Board of India, which is responsible for regulating the securities market in India. SEBI does not regulate external commercial borrowings.
- The Ministry of Finance is responsible for formulating and implementing the government’s financial policies. The Ministry of Finance does not regulate external commercial borrowings.
- The Ministry of Commerce is responsible for promoting trade and investment in India. The Ministry of Commerce does not regulate external commercial borrowings.
- The Reserve Bank of India (RBI) is the central bank of India and is responsible for regulating the country’s financial system. This includes regulating external commercial borrowings, which are loans that Indian companies and individuals take from foreign lenders. The RBI sets limits on the amount of external commercial borrowing that can be taken, and it also regulates the terms of these loans.