Question

Consider the following statements : Reserve Bank of India (RBI)
1) acts as a Banker's Bank
2)acts as a controller of capital issues
3)issues currency notes of various denomination
4) acts as a lender of the last resort for the sick industrial units
Which of the above statements are correct?

• A. 1 , 2 , 3 and 4
• B. 1 , 2 and 3
• C. 2 and 4
• D. 1 and 3

Answer 1

Answer: (D)

1 and 3

Statements (1) and (3) are correct because RBI acts as a Banker's income tax does not come under the jurisdiction of the Central Government.