Which of the following is regarded as a supervisory function of the Reserve Bank of India?
Implementation of the deposit insurance scheme
The correct answer is option 2. The implementation of the deposit insurance scheme is considered a supervisory function of the Reserve Bank of India (RBI). The RBI ensures that the banks maintain adequate deposits and provide insurance on deposits up to a certain limit to protect depositors. While the RBI also plays roles in banking, exchange rate management, and issuing currency notes, these are not typically classified as supervisory functions in the same way as overseeing deposit insurance.
Similar Questions
The ____ is vested with the responsibility of conducting monetary policy of India.
Important Questions from Reserve Bank of India
Which of the following is not the function of Reserve Bank of India?
Which of the following banks issues currency notes in India?
Who is the Governor of the Reserve Bank of India? (As of 2017)
Which of the following isnota function of Reserve Bank of India?
Which of the following statements related to the Reserve Bank of India (RBI) is/are true?
Statements:
I. RBI was established under the Reserve Bank of India Act, 1935.
II. RBI maintains a current account of State Governments for keeping their cash balances.
III. Sir Benegal Rama Rau was the longest serving governor of RBI.
