Who manages the present monetary system in India ?

The correct answer is (b), Reserve Bank of India.

The Reserve Bank of India (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 the banker to the government of India and the banker’s bank. It is also the issuer of the Indian rupee.

The RBI’s main objectives are to:

• Maintain price stability
• Promote economic growth
• Ensure financial stability
• Regulate the financial system
• Provide financial services to the government and to the public

The RBI is governed by

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