Which of the following is not a function of RBI? (a) Publication of statistical data related to banks (b) Custodian of foreign exchange reserves (c) Supervising the commercial banks (d) Creation of credit for development
Answers
Answered by
2
RBI issues currency notes on behalf of the central govt. *RBI supervises the functioning of formal source of loans. *RBI monitors the banks in actually maintaining cash balance. *It also sees that banks give loans not just for profit making and traders but also to small borrowers, small cultivators etc.. *Periodically banks have to submit information to RBI on how much they are lending, to whom, at what interest rate, etc
Answered by
4
d) creation of credit for development
Similar questions