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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

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Sandeep Chaturvedi

Sandeep Chaturvedi

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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

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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