11. Which among the following is not a function of the RBI?
a) Issuing currency notes and coins
b) Regulating the foreign exchange market
c) Conducting monetary policy
d) Collecting income tax
Answer: d) Collecting income tax
12. The RBI is the lender of last resort, which means it provides loans to which entity?
a) Commercial banks
b) Central government
c) State governments
d) Foreign banks
Answer: a) Commercial banks
13. Which committee recommended the establishment of the RBI?
a) Hilton-Young Commission
b) Kelkar Committee
c) Bimal Jalan Committee
d) Raghuram Rajan Committee
Answer: a) Hilton-Young Commission
14. Who is the current Governor of the RBI?
a) Raghuram Rajan
b) Urjit Patel
d) Viral Acharya
Answer: c) Shaktikanta Das
15. The RBI is responsible for regulating and supervising which sector?
a) Education sector
b) Agriculture sector
c) Banking sector
d) Tourism sector
Answer: c) Banking sector
