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Answer : 3. "Accepting deposits from public"
In which of the following is not a function of the Reserve Bank of India?
5Q:
In which of the following is not a function of the Reserve Bank of India?
- 1Bank of banksfalse
- 2Bank of governmentfalse
- 3Accepting deposits from publictrue
- 4Issuing notesfalse
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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.