Advertisements
Advertisements
Question
What is one main role of the Reserve Bank of India as a statutory corporation?
Options
To manage private companies.
To set banking rules and regulate currency.
To produce consumer goods.
To legislate new laws.
MCQ
Advertisements
Solution
To set banking rules and regulate currency.
Explanation:
The RBI manages India's currency and oversees the functioning of Indian banks as an independent statutory corporation.
shaalaa.com
Is there an error in this question or solution?
