46. What is the function of RBI in relation to promoting financial inclusion?
a) Ensuring access to banking services for all
b) Providing financial literacy programs
c) Promoting cashless transactions
d) All of the above
47. Which of the following is not a monetary policy tool used by RBI?
a) Open market operations
b) Reserve ratios
c) Fiscal policy
d) Repo rate
48. What is the maximum limit for exchanging torn or excessively damaged currency notes?
a) 10% of the total note area
b) 20% of the total note area
c) 30% of the total note area
d) 50% of the total note area
49. Which committee recommended the introduction of a new category of banks called payment banks?
a) Raghuram Rajan Committee
b) Urjit Patel Committee
c) Nachiket Mor Committee
d) Bimal Jalan Committee
50. Who has the authority to approve the design of Indian banknotes?
a) RBI Governor
b) Finance Minister
c) President of India
d) Prime Minister of India
