Functions of RBI


 
 
Concept Explanation
 

Functions of RBI

Functions of RBI:

General superintendence and direction of affairs of all banks

1. Main functions

2. Regulatory and Supervisory Functions

3. Promotional Functions

1. Main Functions

(i) Issue of Bank Notes: RBI issues currency of Rs 2 & above [max. limit to issue note 10,000 Rs.]

Note: 1 Rupee note is issued by Ministry of Finance.

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Sample Questions
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Question : 1

Which of the following is not the function of RBI ?

Right Option : C
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Question : 2

RBI is the lender of last resort,what does it mean ?

Right Option : A
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Explanation
 
 


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