Q24
Which among the following is a function of the Reserve Bank of India?
A.
Bank issues the letters of credit to their customers certifying their credibility
B.
Collecting and compilation of statistical information relating to banking & other financial sector
AnswerC.
Banks underwrite the securities issued by public or private organizations
D.
Accepting deposits from the public
Answer: Option B
Solution
Answer: Option B
Solution:
Collecting and compilation of statistical information relating to banking & other financial sector is a function of the Reserve Bank of India.