BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not the function of RBI
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Regulates Banking activities in India
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Decides Bank rate, CRR and SLR from time to time
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Opens and maintains SB accounts
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Acts as a banker to 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: -Savings Bank account shall not be opened in the name of the following: a. Any trading or business concern, whether such concern is proprietorship, partnership, company or association.
There is 1 question to complete.