Give four prohibited functions of Reserve Bank of India.

1.	Give four prohibited functions of Reserve Bank of India.
Answer» Prohibited functions of Reserve Bank of India are as follows: 1. The Reserve Bank of India can neither buy its own shares nor can it buy shares of other banks or commercial firms. 2. The Reserve Bank of India cannot buy immoral prosperity, barring its own premises, nor can it grant loans against the securities of any such immovable property. 3. The Reserve Bank of India cannot grant a loan to any party without proper security. 4. The Reserve Bank of India cannot give interest to its depositors on their deposits.

Answer»

Prohibited functions of Reserve Bank of India are as follows:

1. The Reserve Bank of India can neither buy its own shares nor can it buy shares of other banks or commercial firms.

2. The Reserve Bank of India cannot buy immoral prosperity, barring its own premises, nor can it grant loans against the securities of any such immovable property.

3. The Reserve Bank of India cannot grant a loan to any party without proper security.

4. The Reserve Bank of India cannot give interest to its depositors on their deposits.

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