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Reported Question / Answer
Q.) Which of the following is not a major function of the RBI in India ?
1)
Issuance of currency notes
2)
To facilitate external trade and payment and developing a foreign exchange market in India
3)
Maintaining price stability and ensuring adequate flow of credit to productive sectors
4)
Taking loans/credit from World Bank/IMF and ADB etc., and reallocating it for various activities decided by the Govt. of India
5)
Formulation and monitoring the monetary and credit policy
Answer :
3
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