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Which of the following statement(s) is/are true about the functions performed by the Reserve Bank of India (RBI)? (i) It is the only bank to have the right to issue bank notes. (ii) It acts as a banker to the Government. (iii) It is the banker of other banks. (iv) It regulates the flow of credit.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1All the Above✓
2(i), (ii) and (iii)
3(iii) and (iv)
4(i) and (ii)

Correct answer

All the Above

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Which of the following statement(s) is/are true about the functions performed by the Reserve Bank of India (RBI)? (i) It is the only bank to have the right to issue bank notes. (ii) It acts as a banker to the Government. (iii) It is the banker of other banks. (iv) It regulates the flow of credit.

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Which of the following statement(s) is/are true about the functions performed by the Reserve Bank of India (RBI)? (i) It is the only bank to have the right to issue bank notes. (ii) It acts as a banker to the Government. (iii) It is the banker of other banks. (iv) It regulates the flow of credit.

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