Which among the following is not a subsidiary of Reserve Bank of India ? (a) Deposit Insurance and Credit Gaurantee Corporation of India. (b) Bharatiya Reserve Bank Note Mudran Private Limited. Codes :
Neither (a) nor (b)
The Reserve Bank of India has several wholly owned subsidiaries that carry out specialised functions on its behalf.
(a) The Deposit Insurance and Credit Guarantee Corporation (DICGC), set up in 1978 by merging the Deposit Insurance Corporation and the Credit Guarantee Corporation, insures bank deposits and is fully owned by the RBI. So it is a subsidiary of the RBI.
(b) Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), established in 1995 to print currency notes at Mysuru and Salboni, is also wholly owned by the RBI. So it too is a subsidiary.
Since both entities are RBI subsidiaries, there is nothing in the list that is not a subsidiary.
Hence, the answer is Neither (a) nor (b).
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Important Questions from Reserve Bank of India
Which of the following is not the function of Reserve Bank of India?
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Who is the Governor of the Reserve Bank of India? (As of 2017)
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III. Sir Benegal Rama Rau was the longest serving governor of RBI.
Which of the following functions of Reserve Bank of India are correct?
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