Question : The primary function of the RBI is:
Option 1: To issue currency notes and coins
Option 2: To regulate the supply of money and credit
Option 3: To lend to commercial banks
Option 4: All of the above
Answer (1)
25th Jan, 2024
Correct Answer: To regulate the supply of money and credit
Solution : The correct answer is (b) To regulate the supply of money and credit.
The RBI formulates and implements various policies and measures to achieve these objectives, such as setting interest rates, conducting open market operations, regulating banks, and supervising the payment and settlement systems.
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