Question

Which of the following are the main objectives of the RBI?
I. To promote monetisation and monetary integration of the economy
II. To manage currency and regulate foreign exchange
III. To build up a sound and adequate banking and credit structure
IV. To provide financial assistance to small scale industries

• A. I and ll are correct
• B. II and III are correct
• C. I, II and III are correct
• D. All of the above

Answer 1

The correct option is C I, II and III are correct

RBI was set up to regulate the issue of Bank notes and to keep reserves with a view to secure monetary stability in India and also to operate the currency and credit system of the country.