alleryWho supervises the functioning of formal sources of loans?
AThe RBI
BThe RBS
CThe RRB
DThe RBC
Answer & Solution
Correct answer: A. The RBI
1. It checks that banks keep their cash balance.
2. Banks report their lending to it periodically.
3. It is the Reserve Bank of India.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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