Multiple Choice Questions on Which of the following is not a function of Reserve Bank of India 1 Banker to the government a........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following is not a function of Reserve Bank of India 1 Banker to the government a...........

Economic Affairs Types of Banks and Banking
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     Which of the following is not a function of Reserve Bank of India?

    1. Banker to the government and commercial banks

    2. Lender of last resort.

    3. Management of High fiscal deficit.

    4. Comprising wholesale price index

    Code:

     1, 2 and 4 only

    Incorrect Answer

     2 and 4 only

    Incorrect Answer

     3 and 4 only

    Correct Answer

     1 and 4 only

    Incorrect Answer
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    Explanation:

     Set up in 1935, RBI’s main functions include regulation of credit, regulation of foreign exchange, banker to the government and commercial banks, issue of notes and coins and lender of last resort.

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