Economics · Reserve Bank of India Act and Functions
Which of the following is NOT explicitly mentioned as a core objective in the preamble of the Reserve Bank of India Act, 1934?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To have a modern monetary policy framework to meet the challenge of an increasingly complex economy
- 2To operate the currency and credit system of the country to its advantage
- 3To regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India
- 4To operate the currency and financial market system of the country to its advantage✓
Correct answer
To operate the currency and financial market system of the country to its advantage
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