BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following do not fall within the functions of the Reserve Bank of India?
|
|
Regulation of currency
|
|
|
Control of credit
|
|
|
Banker to the government, banker’s bank and lender of the last resort.
|
|
|
Accepting deposits and making loans and advances to public
|
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: -Which entities can legally accept deposits from public? Banks, including co-operative banks, can accept deposits. Non-bank finance companies, which have been issued Certificate of Registration by RBI with a specific licence to accept deposits, are entitled to accept public deposit.
Detailed explanation-3: -Facilitating import of goods is not a primary function of a bank.
There is 1 question to complete.