As banker to the government, the RBI –
A. acts as the banker’s bank.
B. regulates the activities of banks.
C. collects money and also makes payments on behalf of the government
D. acts as the custodian’of foreign exchange reserves.
Answer:C
As banker to the government, the RBI –
A. acts as the banker’s bank. B. regulates the activities of banks. C. collects money and also makes payments on behalf of the government D. acts as the custodian’of foreign exchange reserves.