Which of the following correctly describes RBI’s role as “Banker to the Government”?

RBI maintains government accounts and performs merchant banking functions. According to the Reserve Bank of India (RBI) Act, 1934, the RBI acts as the banker, agent, and advisor to both the Central and State Governments. As part of this role, the RBI:  • Maintains government accounts. • Performs merchant banking functions. • Manages public debt and issues new loans/treasury bills on behalf of the government. • Provides short-term credit through Ways and Means Advances (WMA).