Read the two statements and choose the correct option.
I. The RBI accepts deposits from the general public like a commercial bank.
II. The RBI does not aim to maximise profit.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

The RBI deals with the government and banks, not with the public's accounts. I is false.
Its aims are price stability, sound banking and growth, not profit. II is true.

Ten questions from The Central Bank & Monetary Policy, at your own pace.

Ten questions from The Central Bank & Monetary Policy, at your own pace.

Read the two statements and choose the correct option.I. The RBI accepts deposits from the general public like a commercial bank.II. The RBI does not aim to maximise profit.