Correct option is B
The Monetary Policy in India is primarily formulated and implemented by the Reserve Bank of India (RBI). The objective of monetary policy is to control inflation, manage liquidity, and ensure that the economy grows in a sustainable manner. Through tools like repo rate, reverse repo rate, and cash reserve ratio, the RBI influences the supply of money in the economy, interest rates, and overall economic activity. While the Government of India provides a broad framework, it is the RBI that handles the day-to-day management of monetary policy.
