Question

Which function of RBI aims at economic growth and development?

• A. Monetary function
• B. Supervisory function
• C. Promotional and developmental function
• D. Regulatory function

Answer 1

Answer:

C. Promotional and developmental function

Under this function, RBI supports agriculture, small-scale industries, and priority sectors. It also promotes financial inclusion, literacy, and modernization of banking, contributing to overall economic development.