Which among the following is a function of the Reserve Bank of India?

A Bank issues the letters of credit to their customers certifying their credibility
B Collecting and compilation of statistical information relating to banking & other financial sector
C Banks underwrite the securities issued by public or private organizations
D Accepting deposits from the public

Correct Answer: Collecting and compilation of statistical information relating to banking & other financial sector

Collecting and compilation of statistical information relating to banking & other financial sector is a function of the Reserve Bank of India.
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