Solution: The Reserve Bank of India is responsible for implementing the monetary policy in India. RBI uses the monetary policy for controlling the inflation and getting high rate of growth. Ministry of Finance and SEBI are not concerned with monetary policy. In India, the Monetary Policy is an important tool for the economic management of the country. The Reserve Bank of India (RBI) is the central bank of the monetary authority of India. it controls the supply of money and bank credit.
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