The ______ is vested with the responsibility of conducting monetary policy.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) - Reserve Bank of India
The Reserve Bank of India (RBI) is responsible for conducting monetary policy in India. This includes regulating the money supply, managing interest rates, and implementing measures to control inflation and ensure price stability. The RBI formulates and implements monetary policies through various tools and mechanisms to achieve macroeconomic objectives such as promoting economic growth, maintaining financial stability, and controlling inflation.