The correct answer is (a) Reserve Bank of India (RBI).
The RBI is the central bank of India. It was established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI is responsible for formulating and implementing monetary policy, maintaining financial stability, and regulating the financial system.
The RBI’s foreign exchange reserves are held in the form of foreign currencies, gold, and Special Drawing Rights (SDRs). The RBI’s foreign exchange reserves are used to manage the country’s balance of payments, to intervene in the foreign exchange market, and to provide liquidity to the domestic financial system.
The RBI’s foreign exchange reserves are a vital part of the country’s economy. They help to ensure the stability of the rupee, and they provide a cushion against external shocks. The RBI’s foreign exchange reserves are also a source of pride for India. They are a symbol of the country’s economic strength and resilience.
The other options are incorrect.
(b) State Bank of India (SBI) is a public sector bank in India. It is the largest bank in India by assets, deposits, and branches. SBI is not responsible for maintaining the country’s foreign exchange reserves.
(c) Ministry of Finance, Government of India is the ministry of the Government of India responsible for the formulation and implementation of the country’s economic policies. The Ministry of Finance is not responsible for maintaining the country’s foreign exchange reserves.
(d) Export-Import Bank of India (Exim Bank) is a state-owned financial institution in India. Exim Bank is responsible for financing and promoting India’s exports and imports. Exim Bank is not responsible for maintaining the country’s foreign exchange reserves.