Question

Find the incorrect option:-

A. RBI issues currency notes in India.

B. RBI supervises the functioning of Formal Sources of credit.

C. RBI checks whether Banks maintain CRR.

D. RBI takes decisions related to money matters of the government.​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

The Preamble to the RBI Act lists basic objectives as: “to regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in India, and generally, to operate the currency and credit system of the country to its advantage”. There is no inherent limitation on the part of the Reserve Bank in obtaining and deploying the resources required for carrying out its supervisory mandate. The Reserve Bank is financed by its own budget and has not been required to ...

Explanation: