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Which body supervises the functioning of formal sources of loans in India?

ASEBI head office
BFinance Commission
CReserve Bank of India
DNABARD Mumbai office
Answer & Solution
Correct answer: C. Reserve Bank of India
1. It checks banks keep their cash balance. 2. The Reserve Bank of India supervises them. 3. Banks report their lending to it. _Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._
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