Question

Consider the following statements about the Reserve Bank of India?
I. It does not accept deposits from the general public
II. Prime lending rate is not decided by the RBI.
III. RBI decides the following rates; Bank rate, repo rate, reverse repo rate & cash reserve ratio. Which of the following statements is/are correct?

A I
B II
C III
D All are correct
E None of the statements are correct
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)