Question

What is the function of RBI?

• A. Supervises the formal sources of loan
• B. Supervises the informal sources of loan
• C. Provides employment
• D. Provides loans to poor

Answer 1

The correct option is A Supervises the formal sources of loan

1. Functions of RBI are :
   

• Monopoly of note issue.
• Supervising the formal sources of loan
• Bankers' Bank
  
• Advisor to the Government
  
• Clearing Function
  
• Custodian of Foreign exchange.
• Banker to Government
  
• Compilation of statistics