Question

The main function of Reserve Bank of India is:
(a) To issue currency .
(b) To manage foreign money (exchnage)
(c) Government Banker
(d) All these

Answer 1

Answer:

a) to issue currency

Explanation:

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Answer 2

Answer:

Major Function of Reserve Bank of India is to issue Currency.

Other functions of the Reserve Bank of India are:

• To act as a Banker to other Banks

• To act as a Banker to the Government

• Custodian of the Foreign Reserves

• Credit Controller

• Act as a Clearing House

• Arranging Credit for Agriculture

• Buying and Selling of Government Securities