Question Details

Detailed explanation and options for the selected question.

What is the main function of the Reserve Bank of India (RBI)?

A. Issuing government bonds
B. Controlling the supply of money and credit in the economy
C. Regulating stock exchanges
D. Administering direct taxes

Explanation:

The RBI primarily controls the supply of money and credit in the economy. While it has indirect influence on bonds and financial systems, its main function is monetary regulation. Stock exchanges and taxes fall outside its core responsibilities.

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