Question

which of the following is not an important function of rbi
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Answer 1

Explanation:

The Reserve Bank of India (RBI) was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The main functions of RBI: RBI controls the credit operations of banks through quantitative and qualitative tools, holds the cash reserves of all the scheduled banks, controls the banking system through the system of licensing, inspection and calling for information, acts as the lender of the last resort by providing rediscount facilities to scheduled banks, has sole right to issue bank notes of all denominations etc.

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Answer 2

1) Providing project finance
2) Selling Mutual Funds
3) Deciding policy rates like CRR, Repo Rates/SLR etc.
4) Settlement of payments on behalf of the customers.

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