Which of the following is a function of the Reserve Bank of India (RBI) in the money market? A. Issuing currency notes B. Collecting income tax C. Regulating stock markets D. Conducting elections
Question
Which of the following is a function of the Reserve Bank of India (RBI) in the money market? A. Issuing currency notes B. Collecting income tax C. Regulating stock markets D. Conducting elections
Solution
The function of the Reserve Bank of India (RBI) in the money market is A. Issuing currency notes. The RBI is the sole authority in India that is responsible for issuing currency. It does not collect income tax, regulate stock markets, or conduct elections. These tasks are performed by other government bodies.
Similar Questions
What is the primary objective of the Reserve Bank of India? Regulating the stock market Promoting foreign investment Issuing currency and controlling monetary policy Supervising insurance companies
The Reserve Bank of India (RBI) acts as the central bank of India and is responsible for: A. Fiscal policy formulation B. Monetary policy formulation C. Industrial regulation D. Foreign policy
Which among the following banks issues currency notes on behalf of the Central Government in India?
The RBI applies the monetary policy througha.open market operationb.bank rate policyc.moral persuasiond.all of the above
Which part of the financial market is not regulated by the Reserve Bank of India?Interest rate marketsGovernment Securities marketForeign exchange marketsInterest rate derivativesNone of the above
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.