Question : Identify the false statement.
Option 1: RBI decides the bank rate for the economy.
Option 2: SEBI conducts open market operations to regulate money supply in the economy.
Option 3: RBI prints the 100 currency notes.
Option 4: Ministry of Finance issues 1 rupee coin.
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Correct Answer: SEBI conducts open market operations to regulate money supply in the economy.
Solution : The correct answer is the SEBI conducts open market operations to regulate the money supply in the economy .
The RBI is considered the banker's bank. It decides the bank rate for the economy and also issues monetary policy. Furthermore, the Reserve Bank of India controls the printing of banknotes. However, the Government of India, not the RBI, is responsible for issuing the one rupee currency.
The Securities and Exchange Board of India, or SEBI, was founded in 1992 with the goals of policing the securities market and safeguarding the interests of investors.
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