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IAS Interview Questions and Answers

Question: Discuss the role of the Reserve Bank of India (RBI) in regulating the country's monetary policy and ensuring financial stability.
Answer: RBI formulates and implements monetary policies, issues currency, and regulates the financial sector. It plays a pivotal role in controlling inflation and maintaining economic stability.

Example:

RBI's interventions through interest rate adjustments influence borrowing costs and impact economic activities.

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