11. Which department of RBI advises the government on financial inclusion and providing banking services to the unbanked population?
a) Department of Currency Management
b) Department of Communication
c) Department of Banking Regulation
d) Department of Financial Inclusion and Development
12. Which of the following statements is true about RBI’s role as a fiscal agent?
a) RBI facilitates the payment of interest and redemption amounts on government debt to investors.
b) RBI advises the government on fiscal policies and revenue generation.
c) RBI issues government securities in the primary market.
d) All of the above
13. The term “Open Market Operations” refers to:
a) RBI’s buying and selling of government securities in the open market
b) RBI’s marketing strategy for promoting government bonds
c) RBI’s involvement in stock market operations
d) RBI’s role in foreign exchange market interventions
14. When RBI purchases government securities from commercial banks, it leads to:
a) An increase in money supply in the economy
b) A decrease in money supply in the economy
c) No impact on money supply
d) Increase in interest rates
15. Which of the following is NOT a function of RBI as a banker?
a) Maintaining accounts for commercial banks
b) Clearing and settlement of payment transactions
c) Deciding interest rates for commercial loans
d) Act as a lender of last resort
