Normal 0 MicrosoftInternetExplorer4 Consider the following statements 1 The Reserve Bank of India R...........

Economic Affairs Money Supply and Monetary Policy

Consider the following statements:

1.The Reserve Bank of India (RBI) was set up in 1935 (by the RBI Act, 1934) as a private bank.

2. It has set up institutions like IDBI, SIDBI, NABARD and NHB.

3.The cash reserve ratio (CRR) is the ratio (fixed by the RBI) of the total deposits of a bank in India which is kept with the RBI in cash form.

4.The statutory liquidity Ratio (SLR) is the ratio (fixed by the RBI) of the total deposits of a bank which is to be maintained by the bank with itself.

Select the correct answer.

1 and 2

2 and 3

1 and 3

1, 2, 3 and 4

छोटे Courses बड़े Results

Master Money Supply and Monetary Policy

Prepare through Micro-courses

Try Now

Explanation:

The functions of RBI are: 1. Monopoly of Note Issue 2. Banker’s Bank 3. Banker to the Government 4. Controller of Credit 5. Exchange Management and Control 6. Miscellaneous Functions 7. Promotional and Developmental Functions.
Witihin them the one's reflected above are present.