Question : Which of the following is a function of the Reserve Bank of India (RBI)?
Option 1: Regulating the stock market
Option 2: Controlling inflation and monetary policy
Option 3: Issuing government bonds
Option 4: Regulating mutual funds
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Answer (1)
10th Jan, 2024
Correct Answer:
Controlling inflation and monetary policy
Solution : The correct answer is (b) Controlling inflation and monetary policy.
The Reserve Bank of India (RBI) is the central bank of India. It is responsible for managing the country's monetary policy, which includes controlling inflation. The RBI also regulates the banking system and the financial markets.
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