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Which of the following is a function of the RBI that supports inclusive growth?

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Question: Which of the following is a function of the RBI that supports inclusive growth?

Options:

  1. Regulating foreign exchange
  2. Issuing currency notes
  3. Promoting financial literacy
  4. Setting interest rates

Correct Answer: Promoting financial literacy

Solution: 

Promoting financial literacy is a function of the RBI that helps empower individuals to make informed financial decisions, supporting inclusive growth.

Which of the following is a function of the RBI that supports inclusive growth?

Practice Questions

Q1
Which of the following is a function of the RBI that supports inclusive growth?
  1. Regulating foreign exchange
  2. Issuing currency notes
  3. Promoting financial literacy
  4. Setting interest rates

Questions & Step-by-Step Solutions

Which of the following is a function of the RBI that supports inclusive growth?
  • Step 1: Understand what RBI stands for. RBI is the Reserve Bank of India.
  • Step 2: Know that the RBI has many functions, one of which is to promote financial literacy.
  • Step 3: Realize that financial literacy means helping people understand money, banking, and finance.
  • Step 4: Recognize that when people are financially literate, they can make better financial decisions.
  • Step 5: Understand that making informed financial decisions helps individuals and communities grow economically.
  • Step 6: Conclude that promoting financial literacy by the RBI supports inclusive growth, meaning everyone can benefit.
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