Which of the following is NOT a function of NABARD?
A. Refinancing rural credit institutions
B. Supervising cooperative banks and RRBs
C. Issuing currency notes
D. Promoting rural development
Answer: Option C
Solution (By JKSSB Mock Tests)
Issuing currency is the function of RBI. NABARD provides refinancing, promotes rural development and supervises cooperative banks and Regional Rural Banks.
Explanation:
Open Market Operations (buying and selling of government securities by RBI) is a quantitative tool that affects the overall volume of credit and money supply.
Explanation:
GST replaced multiple cascading taxes with a unified tax on the supply of goods and services, allowing input tax credit and involving both the Centre and the States.
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