Question

_ is an apex institution of monetary system of a country

Answer 1

The Reserve Bank of India ........

Explanation:

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Answer 2

Apex institution of monetary system of a country

Explanation:

• Central bank of any country is the apex (top) institution of monetary system in any country which regulates all the banks , banking and monetary system of that country. like issue of currency notes, fixing of reserve ratios, formulations of rules, regulations and other guidelines for all the banks.
• Reserve bank of India is the central bank of our country. hence in India the apex financial institution responsible for all the banking and monetary activity is Reserve Bank of India.

Learn more:

Functions of central bank.

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