The functioning of the formal source of credit is supervised by:

(A) Government of India

(B) Reserve Bank of India

(C) Ministry of Finance

(D) None of the above

 

Answer: 

So, the correct answer is (B) - Reserve Bank of India.

Explanation

RBI supervises the functioning of formal sources of credit.

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.