Single Answer MCQ
Q-00045479
Which of the following is the role of the Reserve Bank of India?
1
To supervise informal credit activities
2
To issue currency notes for all organizations
3
To regulate and supervise formal banking institutions
4
To provide loans directly to individuals
Answer and Solution
Answer
C. To regulate and supervise formal banking institutions
Solution:
The Reserve Bank of India regulates and supervises formal banking institutions ensuring financial stability and adherence to laws, while informal credit activities remain unregulated.
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