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Question
From the following functions of the Central Bank, identify the odd one out:
Options
A
B
C
D
MCQ
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Solution
B
Explanation:
The central bank or reserve bank cannot function as a banker to the public. It acts as a banker for the government. The RBI is the currency issuing authority. It is also a banker's bank, and the RBI regulates the money supply. So these are the three functions of the RBI.
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