Which of the following is not a traditional function of the RBI?

Issue of currency

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Bankers to Government

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Banker's Bank

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Credit to Priority Sector and Weaker sections

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Solution

The correct option is D Credit to Priority Sector and Weaker sections
Option - D
Credit to priority sector and weaker sections is not a traditional function of RBI.
RBI is the sole issuer of currency notes in the country. Also, it is considered as the banker to government and banker to other banks in the country.

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Similar questions

Q83. With reference to Priority Sector Lending Certificates (PSLCs), consider the following statements:

1. They are issued to lenders who have made loans to categories eligible under PSL.

2. They are non-tradable certificates.

Which of the above statement(s) is/are not correct?

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