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The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank. Which of the following is NOT included in its preamble?
Select the correct answer using the codes below.
2 and 3 only
3 only
1 and 4 only
4 only
The Preamble reads: "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth."
Statement 4: While RBI keeps the growth objective in mind, it is not mandated to map or statistically chart the economic growth pattern of India. This is done by the Ministry of Finance.
By: Pradeep Kumar ProfileResourcesReport error
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