MC8 Which of the following is a primary function of the Reserve Bank of India (RBI)?
A. Providing loans to the general public
B. Regulating the credit system of the country
C. Providing insurance to depositors
D. Managing the tax collection system
Answer:B
MC8 Which of the following is a primary function of the Reserve Bank of India (RBI)?
A. Providing loans to the general public B. Regulating the credit system of the country C. Providing insurance to depositors D. Managing the tax collection system
Explanation: Regulating the credit system of the country is a primary function of the Reserve Bank of India (RBI). The RBI is the central bank of India and is responsible for formulating and implementing monetary policy.