16. The RBI regulates and supervises non-banking financial institutions (NBFCs) in addition to commercial banks. True or False?
17. The RBI has the authority to issue and cancel banking licenses for both domestic and foreign banks operating in India. True or False?
18. The RBI plays a crucial role in maintaining the stability of the Indian Rupee in the foreign exchange market. True or False?
19. The RBI conducts foreign exchange interventions to influence the value of the rupee relative to other currencies. True or False?
20. Which of the following is not a responsibility of the RBI in relation to the government?
a) Managing the government’s public debt
b) Acting as the government’s banker and fiscal agent
c) Advising the government on fiscal policy
d) Collecting taxes on behalf of the government
e) None of the above
