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Byju's Answer
Standard XII
Economics
Banks and Their Functions
What is the f...
Question
What is the function of RBI?
A
Supervises the formal sources of loan
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B
Supervises the informal sources of loan
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C
Provides employment
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D
Provides loans to poor
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Solution
The correct option is
A
Supervises the formal sources of loan
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
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