Study the following statement with regard to Reserve Bank of India and select your answer from the code given below:

I. It is the apex bank.
II. It regulates the money supply.
III. It gives loan to the business houses.
IV. It supervises the operations of NABARD.

Code:

A) I and II

B) II and IV

C) I, II and III

D) I, II and IV

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 2003 (GS Paper I)