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Question
Identify which of the following is not a function of the Reserve Bank of India?
Options
To act as the banker to the Government of India.
To act as the custodian of the gold reserve of India.
To act as the financial advisor to the Government of India
To issue coins and one rupee note.
MCQ
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Solution
To issue coins and one rupee note.
Explanation:
The Reserve Bank of India (RBI) is in charge of issuing currency notes, whereas the Government of India issues coins and one-rupee notes. The RBI simply controls the distribution of these coins and one-rupee notes; issuance is not its expertise.
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Function of Central Bank - Bank of Issue
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