Question Details

Detailed explanation and options for the selected question.

What is the main function of the Reserve Bank of India (RBI)?

A. Issuing government bonds
B. Controlling the supply of money and credit in the economy
C. Regulating stock exchanges
D. Administering direct taxes

Explanation:

The RBI primarily controls the supply of money and credit in the economy. While it has indirect influence on bonds and financial systems, its main function is monetary regulation. Stock exchanges and taxes fall outside its core responsibilities.

Related Topics

Data Protection and Digital Economy

Revision Notes

Foreign Trade Agreements and India’s Export Competitiveness

Revision Notes

Tourism and Hospitality Industry

Revision Notes

Fisheries Sector and Blue Revolution

Revision Notes

Foreign Trade Policy and Export Promotion

Revision Notes

Services Sector and Service Exports

Revision Notes

Bioeconomy and Biotech Sector

Revision Notes

Climate Finance and Carbon Markets

Revision Notes

Social Impact Bonds and Innovative Financing

Revision Notes

Role of Innovation, Sustainability, and Global Integration

Revision Notes