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
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?
Which among the following is NOT a correct statement?
1. The Reserve Bank of India worked as Central Bank of Burma till April 1947
2. The Reserve Bank of India worked as Central Bank of Pakistan till June 1948
3. The Reserve Bank of India worked as Central Bank of Bangladesh from January 1972 to December 1975
4. The Reserve Bank of India commenced its operations on April 1, 1935
National Housing Bank was established in 1987 as a wholly-owned subsidiary of which of the following?
1. State Bank of India
2. Life Insurance Corporation of India
3. Reserve Bank of India
4. Industrial Finance Corporation of India
