Who is the fiscal agent and advisor to Government in monetary and financial matters ?
Under Sections 20, 21, and 21A of the Reserve Bank of India Act, 1934, the 'RBI' (Reserve Bank of India) acts as the banker, fiscal agent, and advisor to both the Central…
Choose your answer
Who is the fiscal agent and advisor to Government in monetary and financial matters ?
Answer and explanation
Correct answer C
Under Sections 20, 21, and 21A of the Reserve Bank of India Act, 1934, the 'RBI' (Reserve Bank of India) acts as the banker, fiscal agent, and advisor to both the Central Government and the State Governments in all monetary, public debt, foreign exchange, and financial policy matters.
Practice for these exams
-
UGC NET Commerce