Multiple Choice Questions on Reserve Bank of India acts as a banker rsquo s bank This would imply which of the following 1 n........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Reserve Bank of India acts as a banker rsquo s bank This would imply which of the following 1 n...........

Economic Affairs Money Supply and Monetary Policy
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    Reserve Bank of India acts as a banker’s bank. This would imply which of the following?

    1.    Other banks retain their deposits with the RBI

    2.    RBI lends funds to commercial banks in the times of need

    3.    RBI advises the commercial banks on monetary matters

    Select the correct answer using the codes given below:

    2 and 3 only

    Incorrect Answer

    1 and 2 only

    Incorrect Answer

    1 and 3 only

    Incorrect Answer

    1, 2 and 3

    Correct Answer
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    Explanation:

    All the statements are correcr regarding RBI. 

    Primary objective of RBI is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.

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