BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following functions are not being performed by the Reserve Bank of India?
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Regulation of banks in India
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Regulation of foreign direct investment in India
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Foreign currency management in India
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Control and supervision of money supply
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Explanation:
Detailed explanation-1: -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-2: -Therefore, accepting deposits and advancing loans to the public is not the function of the Reserve Bank of India.
Detailed explanation-3: -It formulates and administers monetary policy.
There is 1 question to complete.