Which of the following is a function of RBI ? Option 1: Accepting deposits from general public Option 2: Giving loans to general public Option 3: Banker to the government Option 4: Credit creation

The answer is 'Banker to the government'. View full solution:

CUET Economics - Which of the following is a function of RBI ? | PYQs + Solutions

CUET Economics

Macro

Easy

Accepting deposits from general public

Giving loans to general public

Banker to the government

Credit creation

✅ Correct Option: 3

Related questions:

31 May Shift 1

Arrange the following in chronological order.

(A) Barter System

(B) Currency notes

(D) Online transfer of money.

Choose the correct answer from the options given below:

(A), (B), (C), (D)
(A), (C), (B), (D)
(B), (A), (D), (C)
(C), (B), (D), (A)

3 June Shift 2

The interest rate paid by the commercial banks to depositors is lower than the rate charged from the borrowers. This difference between these two types of interest rates, called?

Bank Rate.
Spread.
Reserve.
Deposits.

CUET Economics 2022 Slot 3

Suppose in an economy, the legal Required ratio fixed by the Central Bank is 20% and the value of initial deposits is $\overline{\mathbf{\tau}}$ 1000 crores. What is the value of loans extended by the Commercial Banks ?

CUET Economics PYQs

Keyboard Shortcuts