Which of the following is not a function of Reserve Bank of India?
A. Regulation of credit.
B. Regulation of foreign exchange.
C. Management of fiscal deficit.
D. Banker to the government and commercial banks.
Answer:C
Which of the following is not a function of Reserve Bank of India?
A. Regulation of credit. B. Regulation of foreign exchange. C. Management of fiscal deficit. D. Banker to the government and commercial banks.
Explanation: Set up in 1935, RBI’s main functions include regulation of credit, regulation of foreign exchange, banker to the government and commercial banks, issue of notes and coins and lender of last resort.