Which of the following are not the functions of RBI? a) Lender of last resort b) Direct sanction of…
Direct loans to individuals and industrialists are not ordinary functions of the RBI. Acting as lender of last resort and controlling credit belong to its central banking…
Choose your answer
Which of the following are not the functions of RBI?
a) Lender of last resort
b) Direct sanction of loans to Individuals
c) Direct sanction of loans to industrialists
d) Credit control
Answer and explanation
Correct answer D
Direct loans to individuals and industrialists are not ordinary functions of the RBI. Acting as lender of last resort and controlling credit belong to its central banking role.
Practice for these exams
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Telangana SET (TG SET)