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Arihant General Studies question with answer

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Question #116,028
Arihant General Studies English MCQ IAS (Pre) 2001

Q.Consider the following statements regarding Reserve Bank of India. I. It is a banker to the Central Government. II. It formulates and administers monetary policy. III. It acts as an agent of the Government in respect of India’s membership of IMF. IV. It handles the borrowing programme of Government of India. Which of these statements are correct?