Which one of the following is the apex institution in financial sector of India ?
The Reserve Bank of India (RBI), established under the RBI Act, 1934, is the central bank and the supreme apex institution in the financial and monetary sector of India.…
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Which one of the following is the apex institution in financial sector of India ?
Answer and explanation
Correct answer D
The Reserve Bank of India (RBI), established under the RBI Act, 1934, is the central bank and the supreme apex institution in the financial and monetary sector of India. IDBI, NABARD, and NHB are specialized sectoral apex institutions for industrial finance, agriculture/rural development, and housing finance respectively.
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UGC NET Commerce