ECONOMICS
MONETARY POLICY
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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 responsibility of the RBA?
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Printing Money
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Regulating Banks
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Lending money to civilians
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Financial Literacy and security
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Explanation:
Detailed explanation-1: -The Reserve Bank does not supervise the prudential soundness of banks or other financial institutions, though it does have a role in maintaining the stability of the financial system as a whole.
Detailed explanation-2: -Issuing of coins is not a function of the Central Bank.
Detailed explanation-3: -As we’ll see, reserve banks have three main responsibilities: providing financial services, contributing to monetary policy and supervising commercial banks.
Detailed explanation-4: -Therefore, accepting deposits and advancing loans to the public is not the function of the Reserve Bank of India.
There is 1 question to complete.