Question

Which of the following is not a function of RBI?

(a) Promotion of Banking

(b) Collection of Foreign Institutional Data

(c) Banker to Government

(d) Funding NABARD​

Answer 1

Answer:

(a) Promotion of Banking

Explanation:

Answer 2

Answer:

The correct option is Promotion of Banking

Explanation:

RBi (Reserve Bank of India) is an apex bank of India. RBI control, operate, regulate and direct to all commercial bank in India.

The functions of RBI is as follows:

1. Banker's Bank- RBI regulate and supervise all commercial bank in India.

2. Bank of Issue- All the currency notes from Rs. 5 to Rs, 2000 is issued and published by RBI in Indian economy to maintain money supply in an economy.

3. Banker to Government- RBi work as a an advisor, a trustee or an agent for Government.

4. Custodian of foreign exchnage

5. Lender of Last resort

Promotion of Banking is not functions of RBI  

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