Which of the following are the functions of the RBI?

Issuer of currency

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Banker to the Government

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Bankers Bank

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All of the above

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Solution

The correct option is C All of the above

Major functions of the RBI are as follows:

1. Issue of Bank Notes

2. Banker to Government

3. Custodian of Cash Reserves of Commercial Banks

4. Custodian of Country’s Foreign Currency Reserves

5. Lender of Last Resort

6. Central Clearance and Accounts Settlement

7. Controller of Credit

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Similar questions

Q17. Consider the following statements about Currency Wars:

1. A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies.

2. Currency wars are also known as competitive devaluations.

Which of the above statements are correct?

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