Single Answer MCQ
Q-00015855
What role does the Reserve Bank of India play in the context of money?
1
It issues banknotes and coins.
2
It restricts the usage of currency.
3
It controls the value of foreign currencies.
4
It guarantees loans for businesses.
Answer and Solution
Answer
A. It issues banknotes and coins.
Solution:
The Reserve Bank of India issues currency notes on behalf of the central government, maintaining the national money supply.
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