Which of the following is true about the functions performed by RBI?

(i) It is the Bank of Issue

(ii) It acts as banker to the Government

(iii) It is the banker of other banks

(iv) It regulates the flow of credit

a. Both (i) and (ii)

b. Both (iii) and (iv)

c. All the above

d. None of the above

ANSWER: All the above

Explanation:

The Reserve Bank of India, as the central bank of the country, functions mainly as -

Issuer of Currency Notes

Banker to other Banks

Banker to The Government

Exchange Rate Management

Controller of Credit

Supervisory Function