New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Following are the functions of the Reserve Bank of India

    (RBI) except?
    A Regulation and supervision of the banking and non-banking financial institutions, including credit information companies Correct Answer Incorrect Answer
    B Regulation of money, Forex and government securities markets as also certain financial derivatives Correct Answer Incorrect Answer
    C Maintaining a uniform rate of interest throughout the country Correct Answer Incorrect Answer
    D Foreign exchange management—current and capital account management Correct Answer Incorrect Answer
    E All are functions of RBI Correct Answer Incorrect Answer

    Solution

    An uniform rate cannot be maintained throughout the country as the money value and demand of money keeps on changing so the rate also gets changed according to it.

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