Which of the following is NOT a function of the Reserve Bank of India (RBI) rela
Practice Questions
Q1
Which of the following is NOT a function of the Reserve Bank of India (RBI) related to food security?
Monetary policy formulation
Regulating food prices
Managing foreign exchange
Issuing currency
Questions & Step-by-Step Solutions
Which of the following is NOT a function of the Reserve Bank of India (RBI) related to food security?
Step 1: Understand what the Reserve Bank of India (RBI) is. It is the central bank of India responsible for managing the country's monetary policy and currency.
Step 2: Identify the functions of the RBI. These include controlling inflation, managing interest rates, and regulating the banking system.
Step 3: Recognize that food security involves ensuring that people have access to enough safe and nutritious food.
Step 4: Note that while the RBI plays a role in the economy, it does not directly control or regulate food prices.
Step 5: Conclude that the function that is NOT related to food security is the regulation of food prices, as this is not a responsibility of the RBI.
