Get Started
249

Q:

In which of the following is not a function of the Reserve Bank of India?

  • 1
    Bank of banks
  • 2
    Bank of government
  • 3
    Accepting deposits from public
  • 4
    Issuing notes
  • Show Answer
  • Workspace

Answer : 3. "Accepting deposits from public"
Explanation :

The correct answer is Lending money to public. Lending money to public is not the function of RBI. Reserve Bank of India is the central bank and regulatory body of India under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of Indian Rupees and regulation of Indian banking system.

Previous Next
Basic GK Economics GK

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today