Which one of the following is not a function of Reserve Bank of India?
[amp_mcq option1=”(a)” option2=”(b)” option3=”(c)” option4=”(d)” correct=”option3″]
This question was previously asked in
UPSC CAPF – 2009
This question is presented in an incomplete form as the list of functions labeled (a), (b), (c), and (d) is missing. Therefore, a definitive correct option cannot be identified from the provided text. However, assuming a standard set of functions often presented in such questions, and if option C corresponds to a function like “Formulating Fiscal Policy” or “Directly financing industrial projects” (which are typically government or development bank functions, not core RBI functions), then C would be the correct answer in that hypothetical scenario. Without the actual list of functions (a), (b), (c), (d), this explanation is based on inference about common question patterns.
– The Reserve Bank of India (RBI) is India’s central bank and performs functions such as issuing currency, acting as banker to the government, regulating banks, managing foreign exchange, conducting monetary policy, and supervising the financial system.
– Functions typically *not* performed by the RBI include formulating the government’s budget or fiscal policy (which is the responsibility of the Ministry of Finance) or direct involvement in commercial banking operations for the general public or direct long-term financing of industrial projects (which are roles of commercial banks and development financial institutions, respectively).