Correct Answer: (1) Reserve Bank of India (RBI)
Solution:The Reserve Bank of India (RBI) is India's central banking institution.- It is responsible for regulating the Indian banking system, controlling the monetary policy of the Indian rupee, and managing the country's foreign exchange reserves.
- The RBI is also responsible for Issuing currency, promoting financial stability, and providing financial services to the government and the public.
- RBI established according to RBI act 1934, in 1935 on the recommendation of Hiltan young commiltee.