Which among the following is a function of the Reserve Bank of India?

Question

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Banks under write the securities issued by public or private organizations

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Bank issues the letters of credit to their customers certifying their creditability

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Collecting and compilation of statistical information relating to banking & other financial sectors

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Accepting deposits from the public

1.	Which among the following is a function of the Reserve Bank of India?
A.	Bank issues the letters of credit to their customers certifying their creditability
B.	Collecting and compilation of statistical information relating to banking & other financial sectors
C.	Banks under write the securities issued by public or private organizations
D.	Accepting deposits from the public
Answer» C. Banks under write the securities issued by public or private organizations

Discussion