Which among the following is/are the nodal agency for implementing the monetary

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Which among the following is/are the nodal agency for implementing the monetary policy?

State Bank of India
Reserve Bank of India
Union Bank

Options:

A . 1 only

B . 2 only

C . 1 and 2

D . 1, 2 and 3

Answer: Option B
Answer: (b)The Reserve Bank of India is the nodal agency for implementing the monetary policy. RBI has defined its monetary policy in terms of “adequate financing of economic growth and at the same time ensuring reasonable price stability”.

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