Identify which of the following is not a function of the Reserve Bank of India?
(Choose the correct alternative)
a) To act as the banker to the Government of India.
b) To act as the custodian of the gold reserve of India
c) To act as the financial advisor to the Government of India
d) To issue coins and one rupee note
(Choose the correct alternative)
a) To act as the banker to the Government of India.
b) To act as the custodian of the gold reserve of India
c) To act as the financial advisor to the Government of India
d) To issue coins and one rupee note
Answers & Comments
Verified answer
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The correct alternative is:
d) To issue coins and one rupee note
This is not a function of the Reserve Bank of India. The issuance of coins and one rupee notes in India is the responsibility of the Government of India, specifically the Ministry of Finance.
Answer:
The correct alternative is:
d) To issue coins and one rupee note
This is not a function of the Reserve Bank of India. The issuance of coins and one rupee notes in India is the responsibility of the Government of India, specifically the Ministry of Finance.
Explanation: