Who regulates the "Financial sector" in India?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: Reserve Bank of India
The financial sector in India is regulated by the Reserve Bank of India (RBI). All banks and other financial institutions in India are regulated through various norms and regulations of the RBI. The RBI decides the amount of money that the banks can keep with themselves, fixes interest rates, nature of lending to various sectors, etc.