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    Question

    Consider the following statements regarding the Reserve Bank of India (RBI):

    1)RBI is the central bank of India and is responsible for monetary policy in the country.

    2)The Governor of RBI is appointed by the President of India.

    3)Shaktikanta Das is the current governor of RBI.

    Select the correct answer using the code given below:

    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    Statement 1 is correct. RBI is the central bank of India and is responsible for monetary policy in the country. It was established on April 1, 1935. Statement 2 is also correct. The Governor of RBI is appointed by the President of India for a term of three years. The current Governor of RBI is Shaktikanta Das. Hence, statement is correct.

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