Which of the following is NOT an important function of Reserve Bank of India?
1) Management of Foreign Exchange Reserves
2) Foreign Exchange related current and capital account management
3) Devising Foreign Trade policy of India
4) Debt and Cash Management for State Govts
5) Regulation of Govt. Securities
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devising foreign trade policy of india
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The devising foreign trade policy of India is not an important function of The Reserve Bank of India.
- The devising foreign trade policy of India is a policy that aims to increase the country's share in global commerce.
- It also aims in doubling the number of exports done by our country.
- It focuses on improving the market share of India in the existing Markets and trying to venture out into new markets in the international trade.
The answer is (3) Devising Foreign Trade Policy of India.
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