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 is not a function of the RBI?
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Maintaining Forex
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Deciding Bank Rate, CRR, and SLR from time to time
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Opening Savings Accounts for the general public
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Prescribing the Capital Adequacy Ratio
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Explanation:
Detailed explanation-1: -Issuing of coins is not a function of the Central Bank.
Detailed explanation-2: -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. The Reserve Bank of India is India’s central bank and regulatory body under the jurisdiction of the Ministry of Finance, Government of India.
There is 1 question to complete.