BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a function of the RBI? [Corporation Bank 2011]
A
Maintaining Forex
B
Deciding Bank Rate, CRR and SLR from time to time
C
Opening Savings Accounts for general public
D
Prescribing the Capital Adequacy Ratio
Explanation: 

Detailed explanation-1: -Issuing of coins is not a function of the Central Bank.

Detailed explanation-2: -Facilitating import of goods is not a primary function of a bank.

There is 1 question to complete.