Which is not a function of RBI ?
A)Holding cash reserves of all commercial banks and make available financial accommodation to them.
B)Assuming responsibility of all banking operations of the government.
C)Assuming the responsibility of the statistical analysis of data related to macro economy of India .
D)Assuming the responsibility to meet directly or indirectly all reasonable demands for the accommodation.

Question

Quizplus · Accepted Answer

The Reserve Bank of India (RBI) does not assume the responsibility of the statistical analysis of data related to the macroeconomy of India. This function is typically carried out by other government bodies such as the Ministry of Statistics and Programme Implementation (MoSPI). The RBI's primary functions include monetary policy regulation, financial supervision, management of foreign exchange, and serving as the banker to the government and to the commercial banks.

Which Is Not a Function of RBI