KBC Offline Quiz (November 17, 2021): Which organization has released the Report on Currency and Finance (RCF)?

(A) IMF

(B) RBI

(C) World Bank

(D) New Development Bank

Answer: (B) RBI

The Reserve Bank of India is India’s central bank and regulatory body. It comes under the jurisdiction of the Indian government’s Ministry of Finance. It is responsible for issuing and supplying the Indian rupee and the regulation of the Indian banking system. 

It is a member of the Asian Clearing Union and an active promoter of the financial inclusion policy. It is a leading member of the Alliance for Financial Inclusion (AFI).

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