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WBCS Main Examination 2023 — Paper V: Indian Constitution and Economy · Question 172 of 200

Q172
Indian EconomyMoney, Banking & Financial Institutions
Which of the following is a developmental function of the Reserve Bank of India?
  1. a.Promoting banking habits.
  2. b.Setting up of specialised financing agencies.
  3. c.Extending banking facilities to rural and semi-urban areas.
  4. d.All of the above

Answer: (D) All of the above

Besides its regulatory work, the RBI has developmental roles: promoting banking habits, setting up specialised institutions such as NABARD, IDBI and UTI, and spreading banking to rural and semi-urban areas. All three are developmental functions.

Q171 Whole paperQ173