Home › UP Board Class 10 › Social Science › c10moneycredit › The role of the RBI in the formal credit market …
The role of the RBI in the formal credit market includes:
ASelling consumer products at subsidised prices
BBuilding roads and bridges across rural India
COperating the largest network of post offices
DSupervising banks and printing currency
Answer & Solution
Correct answer: D. Supervising banks and printing currency
The RBI supervises all banks, sets cash reserve ratios, prints currency, licenses banks, audits them, and publishes credit reports. The other options describe roles of other government agencies.
Related questions
Banks lend to poor women in SHGs even though they have no:Interest charged by a Self Help Group is compared with that of the:Self Help Groups are formed particularly among rural:A typical Self Help Group has how many members?What share of rich urban households' loans is from informal sources?What share of loans to poor urban households comes from informal sources?Who supervises the credit activities of informal lenders?Who supervises the functioning of formal sources of loans?