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Which of the following is a key function of the Reserve Bank of India (RBI) in d

Practice Questions

Q1
Which of the following is a key function of the Reserve Bank of India (RBI) in disaster management?
  1. Issuing new currency notes
  2. Regulating foreign exchange
  3. Providing financial assistance to affected sectors
  4. Setting interest rates

Questions & Step-by-Step Solutions

Which of the following is a key function of the Reserve Bank of India (RBI) in disaster management?
  • Step 1: Understand that the Reserve Bank of India (RBI) is the central bank of India.
  • Step 2: Recognize that the RBI has various functions, including managing the country's economy.
  • Step 3: Learn that during disasters, certain sectors like agriculture, small businesses, and infrastructure can be heavily affected.
  • Step 4: Know that the RBI provides financial assistance to these affected sectors to help them recover.
  • Step 5: Realize that by providing this financial support, the RBI helps maintain economic stability in the country during and after a disaster.
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