Which of the following is not the work of RBI?
A)Bank of the banks
B)Credit controller
C)Custodian of foreign currency
D)Allocating funds directly to the farmers for agricultural development

Question

Quizplus · Accepted Answer

The Reserve Bank of India (RBI) does not allocate funds directly to farmers for agricultural development. This role is typically handled by various government schemes and agricultural banks designed specifically for this purpose, such as the NABARD (National Bank for Agriculture and Rural Development). The RBI's primary functions include acting as the banker's bank, controlling credit in the economy, and managing the country's foreign exchange reserves, among others.

Which of the Following Is Not the Work of RBI