Question

Which one of the following is not an objective of RBI. a) Economic Stability b) Issue of currency c) Advancing loans to public d) Maintenance of foreign exchange reserves

Answer 1

Then answer is (C) Advancing loans to public.

RBI never accepts deposits or make advances to public whereas it is directly responsible for economic policy through determination of monetary policy, de facto authority when it comes to issuance of currency and responsible for maintenance of foreign exchange reserves of India.