Which of the following is NOT a function of the RBI in the context of disaster m

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Question: Which of the following is NOT a function of the RBI in the context of disaster management?

Options:

Correct Answer: Setting up disaster relief funds

Solution:

Setting up disaster relief funds is not a direct function of the RBI; rather, it focuses on monetary policy and regulating the banking sector.

Which of the following is NOT a function of the RBI in the context of disaster management?

Which of the following is NOT a function of the RBI in the context of disaster management?

Step 1: Understand what the RBI (Reserve Bank of India) is. It is the central bank of India responsible for managing the country's monetary policy and regulating the banking sector.
Step 2: Identify the functions of the RBI. These include controlling inflation, managing currency, and overseeing banks.
Step 3: Recognize that disaster management involves activities like setting up relief funds, which is typically handled by government agencies and not the RBI.
Step 4: Conclude that setting up disaster relief funds is NOT a function of the RBI, as it focuses on monetary policy and banking regulation.

No concepts available.