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Which of the following is not a function of RBI?
- a)Banker to government
- b)Regulation of foreign exchange
- c)Collection and publication of data
- d)None of the above
Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not a function of RBI?a)Banker to government...
RBI performs central banking functions as well as development and promotional functions.
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Which of the following is not a function of RBI?a)Banker to government...
RBI stands for Reserve Bank of India, which is the central bank of India. It was established on April 1, 1935, under the Reserve Bank of India Act, 1934. RBI is responsible for regulating the monetary policy of the country and managing the banking system.
Functions of RBI:
1. Banker to Government: RBI acts as a banker to the central and state governments. It manages the accounts of the government and provides financial advice to the government on matters related to finance and banking.
2. Regulator of the Banking System: RBI is responsible for regulating and supervising the banking system in India. It issues guidelines and policies for banks to follow and monitors their performance to ensure stability and efficiency in the banking system.
3. Controller of Credit in the Economy: RBI controls the credit flow in the economy by setting the interest rates and reserve requirements for banks. It also manages the money supply in the economy to maintain price stability and control inflation.
4. Issuer of Currency: RBI is the sole authority responsible for issuing currency notes and coins in India. It also manages the circulation and supply of currency in the country.
5. Regulator of Foreign Exchange: RBI regulates the foreign exchange market in India and manages the country's foreign exchange reserves. It also controls the flow of foreign exchange in and out of the country.
Therefore, the correct answer is option 'D' - None of the above, as all the functions mentioned above are performed by RBI.
Functions of RBI:
1. Banker to Government: RBI acts as a banker to the central and state governments. It manages the accounts of the government and provides financial advice to the government on matters related to finance and banking.
2. Regulator of the Banking System: RBI is responsible for regulating and supervising the banking system in India. It issues guidelines and policies for banks to follow and monitors their performance to ensure stability and efficiency in the banking system.
3. Controller of Credit in the Economy: RBI controls the credit flow in the economy by setting the interest rates and reserve requirements for banks. It also manages the money supply in the economy to maintain price stability and control inflation.
4. Issuer of Currency: RBI is the sole authority responsible for issuing currency notes and coins in India. It also manages the circulation and supply of currency in the country.
5. Regulator of Foreign Exchange: RBI regulates the foreign exchange market in India and manages the country's foreign exchange reserves. It also controls the flow of foreign exchange in and out of the country.
Therefore, the correct answer is option 'D' - None of the above, as all the functions mentioned above are performed by RBI.
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Which of the following is not a function of RBI?a)Banker to governmentb)Regulation of foreign exchangec)Collection and publication of datad)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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