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

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

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It issues currency and coins of all denominations

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It handles the borrowing programme of state governments

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It maintains orderly conditions in the foreign exchange market.

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Solution

The correct option is B
It issues currency and coins of all denominations

Option : (B)

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Similar questions

Q. Consider the following statements regarding Reserve Bank of India?
1. It is a banker to the Central Government.
2. It formulates and administers monetary policy.
3. It acts as an agent of the Government in respect of India’s membership of IMF.
4. It handles the borrowing programmes of government of India.
Which of the above statement(s) is/are correct?

Q. The Reserve Bank of India carriers our state governments’ transactions in terms of the agreement entered into with them. As of now, such agreements exist between RBI and all the state governments except which of the following state government ?

Q. Match List - I (Activity of bank) with List - II (Function/ performed) and select the correct answer using the codes given below the lists:

List - I (Activity of bank)	List - II (Function performed)
A. Bank of Issue	1. Provision of liquidity to the financial institution which is facing difficulty in getting credit. Generally, the lender is the central bank.
B. Custodian of foreign balances of the country	2. Government delegates the right to print currency notes
C. Lender of last resort	3. It maintains both gold and foreign currencies as reserves
D. Controller of credit	4. It controls credit operation of commercial banks

Consider the following functions:
1. Issue of bank notes of all denominations.
2. Lender of the last resort
3. Underwrite the loans of state and central governments.
4. Periodic inspection of commercial banks
Which of the above are functions of the Reserve Bank of India?

Q. RBI acts as the banker to the central government and commercial banks act as banker to the state governments.

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

The correct option is B It issues currency and coins of all denominations Option : (B)

The correct option is B
It issues currency and coins of all denominations

Option : (B)