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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 131 of 200

Q131
Indian EconomyMoney, Banking & Financial Institutions
Which of the following is the main role of the Reserve Bank of India?
  1. a.To maintain financial stability
  2. b.To promote agricultural growth
  3. c.To promote banking habits among the people of the country
  4. d.To maintain regional balance in the development of the Indian economy

Answer: (A) To maintain financial stability

As central bank the RBI's core role is monetary and financial stability — price stability, a sound banking system and orderly financial markets. Agricultural growth, banking habits and regional balance are wider development goals pursued by other institutions and policies.

Q130 Whole paperQ132