Previous year MCQs

Economy UPPSC 2003 GS-I
Question

Study the following statement with regard to Reserve Bank of India and select your answer from the code given below:

I. It is the apex bank.
II. It regulates the money supply.
III. It gives loan to the business houses.
IV. It supervises the operations of NABARD.

Code:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: I, II and IV

Detailed Solution:

The correct answer is “I, II and IV”.
The correct answer is: d) I, II and IV

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