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.
Important Questions from Reserve Bank of India
Reserve Bank of India became the first central bank in the world to have more than one million followers on ______ in November 2020
The ____ is vested with the responsibility of conducting monetary policy of India.
Coins in India are minted by
Who was the RBI (Reserve bank of India) governor during demonetisation the year 2016?
Which section of the RBI Act empowers the Central Government to supersede the RBI board and issue directions considered to be ‘necessary in public interest’ to the RBI, after consulting the Governor of the bank?
