BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From the given options, bring out the one which is not a function/power of Reserve Bank of India?
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To assume the responsibility meeting directly or indirectly all reasonable demands for accommodation
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To hold cash reserves of the commercial banks and make available financial accommodation to them
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To enjoy monopoly of the note issue
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To assume responsibility of all banking operations of the government
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Explanation:
Detailed explanation-1: -Advancing loans to the public and accepting deposits from the public is not the function of the Reserve Bank of India.
Detailed explanation-2: -Issuing of coins is not a function of the Central Bank.
Detailed explanation-3: -Detailed Solution. The correct answer is the Lending of money to the public. The lending of money to the public is not the function of RBI.
Detailed explanation-4: -Facilitating import of goods is not a primary function of a bank.
There is 1 question to complete.