Three friends Naresh, Kavita and Bablu were discussing about functions of Reserve bank of India (RBI)
Three friends Naresh, Kavita and Bablu were discussing about functions of Reserve bank of India (RBI).
- Naresh said that RBI acts as a banker to the Central Government and all the State Governments.
- Kavita said that RBI issues currency notes other than the ₹ 1 note and coins.
- Bablu said that RBI acts as a banker and supervisor of the Commercial Banks.
Who among them are correct?
(a) Naresh and Kavita only
(b) Kavita and Bablu only
(c) Naresh and Bablu only
(d) All of them
Anurag Pathak Changed status to publish January 5, 2024
Ans – (d)
Explanation:-
Following are the functions of the Reserve Bank of India.
1. Currency Authority or Bank of Issue
2. Banker to the Government
3. Banker’s Bank and Supervisor
4. Controller of Money Supply and Credit
Anurag Pathak Changed status to publish January 5, 2024
