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Which of the following is NOT a function of RBI?
- a)Monopoly of Note issue
- b)Banker to the Government
- c)Advancing loan to large business houses
- d)Controller of Credit
Correct answer is option 'C'. Can you explain this answer?
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Which of the following is NOT a function of RBI?a)Monopoly of Note iss...
Functions of RBI
Monopoly of Note Issue
- RBI is the sole authority to issue currency notes in India.
Banker to the Government
- RBI acts as the banker to the central and state governments.
- It handles their banking transactions, manages their accounts, and maintains their cash balances.
Controller of Credit
- RBI controls and regulates the credit flow in the economy.
- It uses various instruments such as repo rate, reverse repo rate, CRR, SLR, etc. to manage the credit flow.
Regulator of Banking System
- RBI regulates and supervises the banking system in India.
- It issues licenses to new banks, monitors their functioning, and takes corrective actions if necessary.
Foreign Exchange Management
- RBI manages the foreign exchange reserves of India.
- It regulates the flow of foreign exchange in and out of the country.
Not Advancing loan to large business houses
- Advancing loans to large business houses is not a function of RBI.
- It is the role of commercial banks and other financial institutions to provide loans to businesses.
Monopoly of Note Issue
- RBI is the sole authority to issue currency notes in India.
Banker to the Government
- RBI acts as the banker to the central and state governments.
- It handles their banking transactions, manages their accounts, and maintains their cash balances.
Controller of Credit
- RBI controls and regulates the credit flow in the economy.
- It uses various instruments such as repo rate, reverse repo rate, CRR, SLR, etc. to manage the credit flow.
Regulator of Banking System
- RBI regulates and supervises the banking system in India.
- It issues licenses to new banks, monitors their functioning, and takes corrective actions if necessary.
Foreign Exchange Management
- RBI manages the foreign exchange reserves of India.
- It regulates the flow of foreign exchange in and out of the country.
Not Advancing loan to large business houses
- Advancing loans to large business houses is not a function of RBI.
- It is the role of commercial banks and other financial institutions to provide loans to businesses.
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Which of the following is NOT a function of RBI?a)Monopoly of Note issueb)Banker to the Governmentc)Advancing loan to large business housesd)Controller of CreditCorrect answer is option 'C'. Can you explain this answer?
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