The regulatory authority of money supply in India is the:

Correct option is C

The correct answer is (C) RBI.

Explanation:
The Reserve Bank of India (RBI) regulates the money supply in India using tools like repo rate, reverse repo rate, CRR, and SLR to ensure economic stability.

Other options explanations:

• SBI: Handles banking services but does not regulate money supply.
• IRDA: Supervises the insurance sector, not monetary policy.
• SEBI: Oversees securities and capital markets.

Information booster:

• RBI:
  • Established in 1935 under the RBI Act, 1934.
  • Key tools: Monetary Policy, Open Market Operations, Statutory Liquidity Ratio.
  • Governor (2024):Shaktikanta Das.
• Repo Rate (2024):6.5%.
• Reverse Repo Rate (2024):3.35%.
• Regulates currency issuance, manages foreign exchange, and ensures banking stability.