Question

From the following functions of the Central Bank, identify the odd one out:

Options

• A

• B

• C

• D

Answer 1

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.