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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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