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Answer : 3. "Giving loans to exporters"
Which of the following is not a function of the Reserve Bank of India?
5Q:
Which of the following is not a function of the Reserve Bank of India?
- 1Making monetary plansfalse
- 2Controlling all the banks in Indiafalse
- 3Giving loans to exporterstrue
- 4Issuing currency notesfalse
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Answer : 3. "Giving loans to exporters"
Explanation :
The correct answer is Lending money to the public. Lending money to the public is not a function of RBI. The Reserve Bank of India is the central bank and regulatory body of India under the jurisdiction of the Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and regulation of the Indian banking system.