Question

The main function of the Central Board of RBI is to:

• A. Manage daily banking operations
• B. Supervise RBI and provide general direction
• C. Print currency notes
• D. Control state cooperative banks

Answer 1

Answer:

B. Supervise RBI and provide general direction

The Central Board of the Reserve Bank of India (RBI) is the apex body that supervises the RBI and provides overall policy direction. It does not get involved in daily banking operations (that’s the role of RBI’s executive staff). Printing currency notes is done by the RBI through its Note Printing Presses, but this is not the primary function of the Board. Controlling state cooperative banks falls under regulatory departments, not directly under the Central Board. So, the Board is mainly about governance and strategic oversight.