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
Answer: a) Setting interest rates
47. The RBI maintains the country’s foreign currency reserves to ensure external payment obligations are met. True or False?
Answer: True
48. The RBI issues guidelines and regulations for the functioning of payment banks in India. True or False?
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Answer: True
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
Answer: a) Central Board of Directors of RBI
50. The RBI is responsible for maintaining financial stability in the country. True or False?
Answer: True
