CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Functions of the Central Bank

Who is the fi...

Question

Who is the fiscal agent and advisor to Government in monetary and financial matters?

A

NABARD

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

B

SBI

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

C

RBI

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

D

None of the above

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

Open in App

Solution

The correct option is C RBI
RBI is the central bank of India.It is the fiscal agent and advisor to the government of India in monetary and financial matters , SBI, IDBI and ICICI are the commercial banks.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Which of the following helps a Government frame its monetary and fiscal policies to enhance the economic growth of the economy and achieve a favourable foreign exchange rate?

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. Assertion [A]: The International Monetary Fund (IMF) provides precautionary financing in case of financial emergencies to member countries.

Reason [R]: It has been mandated to ensure the stability of the international monetary system.

Read the above given statements carefully and select the option that is true.

Q. Banking and financial services all over the world are regulated usually by the Monetary Authority of the land. Who controls this function in India?

Q. Which of the following fiscal or monetary measures is/are likely to be employed by the government to tackle the rising inflation?

Select the correct answer using the code given below.

1, 2 and 3 only
1, 2 and 4 only
2, 3 and 4 only
1, 2, 3, 4 and 5

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Functions of the Central Bank

ECONOMICS

Watch in App

explore_more_icon

Explore more

Functions of the Central Bank

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon