70th B.P.S.C Re-Exam (Pre) 2024
Which of the following is a function of the Central Bank ?
aManage the Repo-rate
bLending to Commercial Banks
cBank facilities to the Government
dAll of the above✓ Correct
Explanation
The Reserve Bank of India (India’s central bank) performs the following responsibilities: Management of monetary policy (repo rate, CRR, SLR, bank rate, etc.) Issuer of currency Banker to the government and manager of public debt Banker to banks
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