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Single Answer MCQ
Q-00015892

What is the role of the Reserve Bank of India (RBI) concerning banks in India?

1

To offer loans to individuals directly

2

To supervise and regulate banks

3

To set interest rates for all loans

4

To provide financial literacy programs

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. To supervise and regulate banks

Solution:

The RBI supervises and regulates banks to ensure they follow financial guidelines and maintain minimum cash reserves, which is crucial for financial stability.

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