Which of the following is a key function of the Reserve Bank of India (RBI) in d

₹0.0

Question: Which of the following is a key function of the Reserve Bank of India (RBI) in disaster management?

Options:

Correct Answer: Providing financial assistance to affected sectors

Solution:

The RBI plays a crucial role in disaster management by providing financial assistance to sectors affected by disasters, ensuring economic stability.

Which of the following is a key function of the Reserve Bank of India (RBI) in disaster management?

Which of the following is a key function of the Reserve Bank of India (RBI) in disaster management?

Step 1: Understand that the Reserve Bank of India (RBI) is the central bank of India.
Step 2: Recognize that the RBI has various functions, including managing the country's economy.
Step 3: Learn that during disasters, certain sectors like agriculture, small businesses, and infrastructure can be heavily affected.
Step 4: Know that the RBI provides financial assistance to these affected sectors to help them recover.
Step 5: Realize that by providing this financial support, the RBI helps maintain economic stability in the country during and after a disaster.

No concepts available.