Who is the fiscal agent and advisor to government in monetary and financial matters in India ?
Under the Reserve Bank of India Act, 1934, the Reserve Bank of India (RBI) serves as the banker, fiscal agent, and financial advisor to the Central and State Governments in…
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Who is the fiscal agent and advisor to government in monetary and financial matters in India ?
Answer and explanation
Correct answer D
Under the Reserve Bank of India Act, 1934, the Reserve Bank of India (RBI) serves as the banker, fiscal agent, and financial advisor to the Central and State Governments in monetary and debt management matters. Therefore, 'RBI' is correct.
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UGC NET Commerce