____________is not a function of the Reserve Bank of India (RBI) ?

(a) Issuance and management of currency

(b) Conducting monetary policy

(c) Regulation and supervision of banks and financial institutions

(d) Management of fiscal policy of the government

Ans.(d)

Sol. The RBI is responsible for conducting monetary policy, regulating and supervising banks, and issuing and managing the currency. However, managing fiscal policy, such as government spending and taxation, falls under the domain of the Ministry of Finance and the government.