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 Reserve Bank of India?
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Fiscal policy functions
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Exchange control functions
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Insurance, exchange and destruction of currency notes
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Monetary authority functions
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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: -Issuing of coins is not a function of the Central Bank.
Detailed explanation-3: -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.
There is 1 question to complete.