Question

RBI collects which of the following on behalf of the government?

• A. Corporate profits
• B. Taxes and other government charges
• C. Foreign remittances only
• D. Private donations

Answer 1

Answer:

B. Taxes and other government charges

As a banker and agent to the government, RBI collects and makes payments related to government finances. This includes tax revenues, fees, and other charges payable to the government.