Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Question:

Which Central agency manages the public debt of Central and State government?

Options:

FICCI

IRDA

SEBI

RBI

Correct Answer:

RBI

Explanation:

The correct answer is Option (4) → RBI

The central agency that manages the public debt of both the Central and State governments in India is the Reserve Bank of India (RBI). The Reserve Bank of India Act, 1934 entrusts the RBI with this responsibility.