Which of these are not the functions of the RBI?

Lending money to the public

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Lending money to the government

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Lending money to commercial banks

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Taking deposits from the public

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Taking deposits from the public
The RBI does not accept deposits or lend money to the public. It acts as banker and advisor to the government and other commercial banks.

Suggest Corrections