46. What is the role of the Monetary Policy Committee (MPC) in the RBI?
a) Setting interest rates
b) Issuing currency notes
c) Managing foreign exchange reserves
d) Regulating the stock market
47. The RBI maintains the country’s foreign currency reserves to ensure external payment obligations are met. True or False?
48. The RBI issues guidelines and regulations for the functioning of payment banks in India. True or False?
49. Who approves the appointment of the Governor and Deputy Governors of the RBI?
a) Central Board of Directors of RBI
b) Ministry of Finance
c) President of India
d) Reserve Bank’s Board of Directors
50. The RBI is responsible for maintaining financial stability in the country. True or False?