Question
Download Solution PDFIdentify the FALSE statement.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDF- RBI decides the bank rate for the economy which is the rate at which RBI lends money to commercial banks.
- SEBI is the Securities and Exchange Board of India which regulates the securities market and does not conduct open market operations.
- RBI is responsible for printing currency notes in India.
- Ministry of Finance issues coins in India.
Additional Information
- Open market operations are conducted by the RBI to regulate the money supply in the economy.
- In this process, RBI buys or sells government securities in the open market to increase or decrease the money supply respectively.
- SEBI is responsible for regulating the securities market in India.
- It was established in 1988 and is headquartered in Mumbai.
- Ministry of Finance is responsible for managing the finances of the Government of India.
- It is headed by the finance minister and is responsible for formulating and implementing the financial policies of the government.
- Bank rate is the rate at which RBI lends money to commercial banks.
- It is an important tool used by RBI to control the money supply in the economy.
Last updated on May 28, 2025
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