RBI Functions – Banker to other banks

46. The RBI’s role as the banker to other banks includes maintaining and operating various payment and settlement systems in India. (True/False)

47. The Reserve Bank of India works towards enhancing financial inclusion by extending banking services to unbanked areas and promoting financial literacy. (True/False)

48. The open market operations conducted by the RBI are mainly aimed at influencing the exchange rate of the domestic currency. (True/False)

49. The Reserve Bank of India provides export credit refinance to banks in order to promote and support the country’s export sector. (True/False)

50. The RBI’s functions as a banker for the government include the management of the government’s cash balances and transactions. (True/False)