A
Securities and Exchange Board of India
B
Reserve Bank of India
C
State Bank of India
D
Ministry of Finance
Correct answer: (b) Reserve Bank of India
Explanation
The Reserve Bank of India (RBI) operates the forex swap window that allows banks to exchange foreign currency for local currency, making option B correct. Option C is a commercial bank, Option D is a government ministry, and Option A regulates securities markets, making them incorrect.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.