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
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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