n NISM Certifications
XV NISM Series XV
Medium

Which of the following is NOT a function of the Reserve Bank of India (RBI)?

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Issuing currency notes

  2. B

    Controlling credit supply

  3. Regulating the stock market

    Correct answer

  4. D

    Acting as a lender of last resort

Why this is the answer

The RBI controls monetary policy, issues currency, manages credit, and acts as a lender of last resort. Regulation of the stock market is the responsibility of SEBI, not RBI.

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