Question

Which among the following is NOT a function of RBI?
A) Serve as debt manager to other banks
B) To work as monetary authority and implement its Monetary Policy
C) Serve as banker to central and state governments
D) To serve as issuer of bank notes

Answer 1

Which among the following is NOT a function of RBI?
A) Serve as debt manager to other banks
B) To work as monetary authority and implement its Monetary Policy✅✅✅
C) Serve as banker to central and state governments
D) To serve as issuer of bank notes

Answer 2

Answer:

Option (A) Serve as debt manager to other banks

Explanation:

Reserve Bank of India (RBI) acts as debt manger to the government and not the other banks.

It acts a banker to all the other banks.

It acts as banker to central and state governments.

It performs monetary role to implement and monitor the policy.

It issues currency and also destroys old currency.