Which of the following is true about the functions performed by RBI -
(i) It is the Bank of Issue
(ii) It acts as banker to the Government
(iii) It is the banker of other banks
(iv) It regulates the flow of credit
A)Both (i) and (ii
B)Both (iii) and (iv)
C)All the Above
D)None of the above

Question

Quizplus · Accepted Answer

All the options listed are true functions of the Reserve Bank of India (RBI). The RBI is responsible for issuing currency (Bank of Issue), acts as the banker to the central and state governments (banker to the Government), serves as the banker to other banks by maintaining their accounts (banker of other banks), and regulates the flow of credit in the economy.

Which of the Following Is True About the Functions Performed