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Question

Which of the following functions is not performed by the Reserve Bank of ?


  1. It acts as banker to central and state governments under agreements signed with them.

  2. It issues currency and coins of all denominations

  3. It maintains orderly conditions in the foreign exchange market.

  4. It handles the borrowing programme of state governments


Solution

The correct option is B

It issues currency and coins of all denominations


Option : (B)

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